2017 Economic Calendar
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Consumer Sentiment  
Released On 5/26/2017 10:00:00 AM For May(f), 2017
PriorConsensusConsensus RangeActual
Sentiment Index - Level97.7 97.6 95.0  to 99.0 97.1 

Highlights
Consumer sentiment is holding steady at optimistic levels, posting a final May reading of 97.1 which is down 6 tenths from the month's flash but up 1 tenth from April's final. The expectations component, pointing to an upbeat outlook on job possibilities, is up 7 tenths from April to 87.7. An offset is marginal weakness in current conditions, down 1 point to 111.7 in a dip that does not point to acceleration for this month's consumer spending.

Inflation expectations are steady and low, at 2.6 percent for the 1-year outlook and 2.4 percent for the 5-year.

This report continues to cite strong political polarization in its sample: Republicans and Independents optimistic and Democrats pessimistic. The report suggests that this divide reflects economic preferences and will likely stay in place at least until economic policies under the Trump administration begin to unfold.

Confidence readings, both for the consumer and businesses, have been very strong this year but have yet to give much boost to actual spending or investment.

Recent History Of This Indicator
The consumer sentiment index has been holding at strong levels reflecting a steady assessment of current conditions and solid confidence in the outlook. Econoday's consensus for final May is 97.6 vs a preliminary reading of 97.7 and April's 97.0.

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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