2018 Economic Calendar
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Consumer Sentiment  
Released On 6/29/2018 10:00:00 AM For Jun(f), 2018
PriorConsensusConsensus RangeActual
Sentiment Index - Level99.3 99.0 98.0  to 99.5 98.2 

Highlights
Consumers were upbeat about June but turned less optimistic on the outlook. These were the results of Tuesday's report on consumer confidence and today's consumer sentiment report. June's current conditions component rose a sharp 5.7 points to 116.5 which hints at bounce-back strength for the month's consumer spending, but the expectations component, subdued by tariff concern, fell 2.8 points to 86.3 which is lowest reading since mid-January. In an echo of this morning's Chicago PMI, one quarter of the sentiment sample is citing the potential impact of tariffs as an issue. Whether or not tariffs become an increasing risk, the strength in the current assessment is an immediate plus for the economy.

Consensus Outlook
Expected to hold near the preliminary reading, the final consumer sentiment index for June is expected to come in at 99.0. The preliminary report proved much stronger than expected and included a rise in buying plans for durables. Year-ahead inflation expectations in this report had been flat but moved higher in the last report.

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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