2017 Economic Calendar
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Consumer Sentiment  
Released On 2/10/2017 10:00:00 AM For Feb(p), 2017
PriorConsensusConsensus RangeActual
Sentiment Index - Level98.5 98.5 96.2  to 99.5 95.7 

Consumer sentiment is easing back but still remains very strong, at 95.7 for the preliminary February reading. Though this is nearly 3 points lower from post-election readings, it is still the 6th highest level of the cycle.

February's easing is centered in expectations where the index fell nearly 5 points to 85.7. This is still sizably higher than the high 70s and low 80s trend going into the election. The good news in the report is stability in current conditions which came in nearly unchanged at 111.2 in a positive signal for February consumer spending.

Inflation expectations are mixed though the 1-year reading is favorable, up 2 tenths to 2.8 percent. Five-year expectations, however, are down 1 tenth to 2.5 percent.

The report notes that consumer views are strongly polarized between Republicans, whose expectations index is near record highs, and Democrats whose index is near record lows. And the report goes on to warn that negative rather than positive expectations are likely more influential in determining the strength of consumer spending. Yet the warning aside, readings in this report are much more favorable than not.

Consensus Outlook
Consumer sentiment has been holding at its post-election highs and forecasters see literally no change for the preliminary February report with the consensus at 98.5 vs 98.5 in January's final reading. Confidence in future income is the strongest it has been in a decade though the sample is deeply partisan, split between optimism among Republicans and lack of optimism among Democrats.

The University of Michigan's Consumer Survey Center questions 600 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
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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