2017 Economic Calendar
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Consumer Sentiment  
Released On 9/29/2017 10:00:00 AM For Sep(f), 2017
PriorConsensusConsensus RangeActual
Sentiment Index - Level95.3 95.3 94.5  to 96.0 95.1 

Highlights
Consumer sentiment ends this month about where it was at mid-month, at 95.1 for September which is strong but still down a sizable 1.7 points from August. Hurricane effects are likely behind the easing as respondents in Florida and Texas reported doubts about their financial situation. Yet confidence remains very high with the 9-month average at 96.2, this compares with 91.9 and 92.9 at this time in 2016 and 2015 and is the best score since 2000.

Details in the report show a 3.3 point decline for expectations to 84.4, an index that is still up 2.1 percent year-on-year, and a 0.8 point gain for current conditions to 111.7 which is up a yearly 7.2 percent. Inflation expectations, which are watched closely by FOMC policy makers, remain a key negative, unchanged at 2.7 percent despite post-hurricane pressures in gasoline prices.

Consumer spending hasn't been showing the kind of strength that consumer confidence readings have, a contrast underscored by the weakness in this mornings consumer spending data. But the strength of confidence in general, including confidence on the business side, is perhaps, along with the lack of inflation, the biggest stories of the 2017 economy.

Recent History Of This Indicator
The consumer sentiment index showed only marginal impact from Hurricanes Harvey and Irma in the preliminary September report where the index slipped only 1.3 points to what is a still very strong 95.3. The current conditions component in fact hit the highest level in 17 years driven by extraordinarily strong confidence in personal finances. But inflation expectations, like those of other reports, remained unusually low despite hurricane-related increases in energy prices. Econoday's consensus for the final September, at 95.3, is unchanged from the preliminary reading.

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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