2016 Economic Calendar
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Consumer Sentiment  
Released On 8/12/2016 10:00:00 AM For Aug(p), 2016
PriorConsensusConsensus RangeActual
Sentiment Index - Level90.0 91.0 90.5  to 93.0 90.4 

Highlights
Consumer sentiment is flat, at 90.4 for the August flash for only a 4 tenths gain. Components are mixed with expectations higher, at 80.3 for a 3.5 point gain, but current conditions lower, down 2.9 points to 106.1. The gain in expectations points to rising confidence in the jobs outlook but the decline in current conditions hints at a second month of slowing for consumer spending.

Inflation readings are soft, down 2 tenths for the 1-year outlook to 2.5 percent which likely reflects declining gasoline prices. Five-year expectations are unchanged at 2.6 percent. These two readings underscore the weakness seen in this morning's producer price report and will not make good reading at the Federal Reserve which is working to raise inflation.

Friday's data, that is the current conditions component of this report along with retail sales, are bumps in the road for what had been a prior run of strength for the consumer.

Recent History Of This Indicator
Consumer sentiment fell a moderate but noticeable 3.5 points in June to 90.0 with weakness centered in expectations, that is the outlook for the economy and the jobs market. This is a possible Brexit effect which forecasters see reversing slightly in the flash August report where the consensus is calling for a 1 point gain to 91.0. July's downtick aside, consumer confidence backed up by solid consumer spending have been the central strength of the U.S. economy.

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.)
 
 

2016 Release Schedule
Released On: 1/151/292/122/263/184/14/154/295/135/276/106/247/157/298/12
Release For: JanJanFebFebMarMarAprAprMayMayJunJunJulJulAug
 
Released On: 8/269/169/3010/1410/2811/1111/2312/912/23
Release For: AugSepSepOctOctNovNovDecDec
 


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