2017 Economic Calendar
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Consumer Sentiment  
Released On 1/13/2017 10:00:00 AM For Jan(p), 2017
PriorConsensusConsensus RangeActual
Sentiment Index - Level98.2 98.6 95.5  to 100.0 98.1 

Highlights
Consumer sentiment is holding at cycle highs but isn't climbing further, at 98.1 for the preliminary January index for a 1 tenth dip from December. Current conditions are up slightly this month, 6 tenths higher to 112.5, while expectations are down slightly, at 88.9 vs 89.5. Inflation expectations, which had been edging lower, are moving back to trend, rising a sharp 4 tenths for the year-ahead outlook to 2.6 percent and up 2 tenths for the 5-year outlook to 2.5 percent.

Post-election confidence readings have been very high but have not equated to the same proportional punch for consumer spending which, nevertheless, has been respectable. The report notes that partisanship is extreme right now with 44 percent of the sample citing the importance of government policies (whether positive or negative). The cycle average for this reference is 20 percent.

Recent History Of This Indicator
Consumer sentiment has been surging since the November election, up more than 10 points to 98.2 in December for a new cycle high. The expectations component has been showing the greatest strength but current conditions have also been very strong and offering a positive indication for consumer spending. A negative, however, has been a sharp and puzzling downturn underway in inflation expectations. Forecasters see a further rise for the preliminary January reading, up 4 tenths to 98.6.

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.]
 
 

2017 Release Schedule
Released On: 1/131/272/102/243/173/314/134/285/125/266/166/307/147/288/18
Release For: JanJanFebFebMarMarAprAprMayMayJunJunJulJulAug
 
Released On: 9/19/159/2910/1310/2711/1011/2212/812/22
Release For: AugSepSepOctOctNovNovDecDec
 


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