2014 Economic Calendar
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Consumer Sentiment
Released On 4/11/2014 9:55:00 AM For Apr(p), 2014
PriorConsensusConsensus RangeActual
Sentiment Index - Level80.0 81.0 79.5  to 82.5 82.6 

Highlights
The weather is warming and consumer sentiment is up, at 82.6 for mid-April vs 80.0 in final March and vs 79.9 for mid-March. The reading is the highest since July last year and just tops the high-end Econoday forecast.

Both components are up with expectations at 73.3 vs a final March reading of 70.0 and current conditions at 97.1 vs 95.7. The gain for expectations points to rising confidence in job and income prospects while the rise in current conditions offers an early hint of month-to-month consumer strength for April.

Gas prices are on the rise but aren't yet driving up inflation expectations. One-year expectations are actually down 1 tenth to 3.1 percent while 5-year expectations ticked 1 tenth higher to 3.0 percent.

Markets aren't showing much initial reaction to today's results which extend a building string of upbeat economic news.

Recent History Of This Indicator
The Reuters/University of Michigan's consumer sentiment index held steady the last two weeks of March at a moderate level, at 80.0 versus a mid-month reading of 79.9 and versus a final February reading of 81.6. Details in the month-to-month comparison with February are mixed, showing no significant change for current conditions, at 95.7 versus 95.4, but a little weakness for expectations, at 70.0 vs 72.7. The decline in expectations may reflect disappointment over the jobs outlook. Inflation expectations, despite the rise underway in gasoline prices, are unchanged, at 3.2 percent for the 1-year outlook and at 2.9 percent for the 5-year outlook.

Definition
The University of Michigan's Consumer Survey Center questions 500 households each month on their financial conditions and attitudes about the economy. Consumer sentiment is directly related to the strength of consumer spending. Consumer confidence and consumer sentiment are two ways of talking about consumer attitudes. Among economic reports, consumer sentiment refers to the Michigan survey while consumer confidence refers to The Conference Board's survey. Preliminary estimates for a month are released at mid-month. Final estimates for a month are released near the end of the month.  Why Investors Care
 
[Chart]
Consumer sentiment is mainly affected by inflation and employment conditions. However, consumers are also impacted by current events such as bear & bull markets, geopolitical events such as war and terrorist attacks. Investors monitor consumer sentiment because it tends to have an impact on consumer spending over the long run (although not necessarily on a monthly basis.)
 
 

2014 Release Schedule
Released On: 1/171/312/142/283/143/284/114/255/165/306/136/277/188/18/15
Release For: JanJanFebFebMarMarAprAprMayMayJunJunJulJulAug
 
Released On: 8/299/129/2610/1710/3111/1411/2612/1212/23
Release For: AugSepSepOctOctNovNovDecDec
 


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