2015 Economic Calendar
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Consumer Sentiment  
Released On 6/26/2015 10:00:00 AM For Jun, 2015
PriorConsensusConsensus RangeActual
Sentiment Index - Level94.6 94.6 94.0  to 95.2 96.1 

Highlights
Optimism is absolutely as strong as it gets giving a major boost to consumer sentiment which jumped well beyond forecasts, to 96.1 vs Econoday's median consensus for 94.6 and high-end forecast of 95.2. The expectations component, reflecting strong optimism for the jobs market, is an absolute standout, at 97.8 for a 12-year high and an 11.0 point surge from mid-month and a 13.6 point surge from final May. The 13.6 point spread is the largest monthly gain since March 1991.

The current conditions index also shows a very strong gain to 108.9 vs 106.8 at mid-month and 100.8 for final May. The current conditions was slightly higher in January though the 8.1 point gain from final May is the strongest since December 2013. Gains in this component point to gains for May-to-June readings on jobs and consumer spending.

In a further surprise, all this strength isn't triggering inflationary expectations which, compared to final May, are down 1 tenth for the 1-year outlook to 2.7 percent and down 2 tenths for the 5-year outlook to 2.6 percent. Both of these are very low readings for this report.

This is a stunning report, lining up with other recent positive indications on the consumer including jobless data and yesterday's strength in income and spending, the latter including big spending on autos. The consumer is very upbeat -- earning more and spending more.

Recent History Of This Indicator
The consumer sentiment report has been very solid, as have most readings on consumer confidence. The mid-month reading for this report was much stronger than expected and included special strength in current conditions, a component that offers hints on May-to-June change in household spending.

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.)
 
 

2015 Release Schedule
Released On: 1/161/302/132/273/133/274/175/15/155/296/126/267/177/318/14
Release For: JanJanFebFebMarMarAprAprMayMayJunJunJulJulAug
 
Released On: 8/289/119/2510/1610/3011/1311/2512/1112/23
Release For: AugSepSepOctOctNovNovDecDec
 


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