2017 Economic Calendar
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Consumer Sentiment  
Released On 12/22/2017 10:00:00 AM For Dec(f), 2017
PriorConsensusConsensus RangeActual
Sentiment Index - Level96.8 97.0 96.0  to 99.0 95.9 

Highlights
Consumer sentiment slowed in December, down to a final 95.9 which, compared to the mid-month preliminary reading of 96.8, implies a roughly 95 score for the last two weeks for the softest showing since September. But a positive for the holiday shopping outlook is that the current conditions component is firm, at 113.8 vs November's 113.5.

Weakness in December is in expectations which are down 4.6 points to 84.3. Comments on tax reform were split with Republicans calling it a positive and Democrats a negative. Year-ahead inflation expectations, at 2.7 percent, improved 2 tenths vs November with 5-year expectations unchanged at 2.4 percent.

Levels in this report have been edging lower but still remain the best in 17 years in what points to a strong holiday season for consumer spending.

Consensus Outlook
The consumer sentiment index has been edging back from a 100.7 expansion peak in October but still came in at a very solid 96.8 in the preliminary reading for December. The current conditions component showed special strength in December's first report in what was a positive indication for holiday sales. Econoday's consensus for the final December index is 97.0.

Definition
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
 
[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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