2017 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

Consumer Sentiment  
Released On 9/1/2017 10:00:00 AM For Aug(f), 2017
PriorConsensusConsensus RangeActual
Sentiment Index - Level97.6 97.4 93.0  to 98.0 96.8 

At a final 96.8 for August, consumer sentiment fell back sharply vs the month's preliminary reading of 97.6. The final result implies a 96 or so level the last two weeks of the month which, however, still exceeds the 93 and 95 readings of July and June.

The report attributes the strength to optimism over income prospects and notes that news events, including the violence in Virginia and tensions with North Korea, had very little effect on the results. Early reaction to Hurricane Harvey was too limited to assess but judging by reactions to Hurricane Sandy in 2012 and Katrina in 2005, this index could be in a for a dip during September.

Details in the report include special strength for expectations, at 87.7 vs July's 80.5, that offset a step back for current conditions, at 110.9 vs 113.4. Inflation expectations remain very soft, unchanged at 2.6 percent for the 1-year outlook and down 1 tenth to 2.5 percent for the 5-year outlook.

Consensus Outlook
The consumer sentiment index jumped sharply in the preliminary August report, up 4.3 points to 97.6 for the best result since January. But the report warned that the month's preliminary sampling did not include the full impact of the violence in Virginia. The consensus for the final August reading is for slight pull back from the flash, at 97.4.

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

powered by  [Econoday]