2018 Economic Calendar
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Consumer Sentiment  
Released On 5/25/2018 10:00:00 AM For May(f), 2018
PriorConsensusConsensus RangeActual
Sentiment Index - Level98.8 99.0 98.5  to 99.3 98.0 

Highlights
A downgrade in the current assessment pulled down the final May reading for consumer sentiment to 98.0 which is 8 tenths lower than the May flash and a full point under Econoday's consensus. Current conditions fell to 111.8 vs 113.3 at mid-month and down from 114.9 in April. The decline hints at weakness for May's job market and in turn for May's consumer spending as well. Expectations also eased, to 89.1 from 89.5 at mid-month and 88.4 from April. This declines hints at less confidence in the jobs and income outlook.

Inflation expectations are flat, at 2.8 percent for the year-ahead outlook and 2.5 percent for the 5-year. Both are unchanged from mid-month but the former is up 1 tenth from April.

The decline in consumer sentiment does match a topping off in the weekly consumer comfort index and will lower expectations for next week's consumer confidence report. Yet confidence, even if slipping, still remains historically high.

Consensus Outlook
The consumer sentiment is expected to hold steady at a solid 99.0 in the final reading for May, in what would be little changed from April's 98.8. Year-ahead inflation expectations in this report have been edging higher.

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.]
 
 

2018 Release Schedule
Released On: 1/192/22/163/23/163/294/134/275/115/256/156/297/137/278/17
Release For: JanJanFebFebMarMarAprAprMayMayJunJunJulJulAug
 
Released On: 8/319/149/2810/1210/2611/911/2112/712/21
Release For: AugSepSepOctOctNovNovDecDec
 


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