2018 Economic Calendar
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Consumer Sentiment  
Released On 9/28/2018 10:00:00 AM For Sep(f), 2018
PriorConsensusConsensus RangeActual
Sentiment Index - Level100.8 100.8 96.0  to 101.0 100.1 

Consumer sentiment ends September at a very healthy 100.1, down slightly from 100.8 at mid-month and sharply higher from August's 96.2. Lower income households lead September's gain to offset downward pull from higher income households in a result which suggests, according to the report, that the expansion has now benefited nearly all population groups.

Income optimism across all groups is the strongest since 2004 and is getting a lift from declining inflation expectations and, with this, the prospect of rising spending power. And despite concerns over tariffs, which were cited by nearly 1/3 of the sample, consumers see economic growth continuing and unemployment falling. Note that among those who cite tariffs as a concern, confidence is generally lower.

Though low inflation expectations may be a positive for income prospects, they nevertheless could be a concern for the Federal Reserve if expectations begin to substantially erode. Year-ahead inflation expectations are down 1 tenth this month at 2.7 percent with 5-year expectations up 1 tenth at 2.5 percent.

Other readings in today's report include a 115.2 level for current conditions, vs 110.3 in August and 116.1 at mid-month September, and 90.5 for expectations vs August's 87.1 and 91.1 at mid-month.

Consensus Outlook
Expected to hold at the preliminary score, Econoday's consensus for the final consumer sentiment index for September is expected to come in at 100.8. The preliminary report proved the strongest since March, reversing softening in prior months on rising assessments of both current conditions and expectations.

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 employment conditions but bear-or-bull markets can also have an impact as well as national and global events. Sentiment is watched as a long- run barometer for consumer spending.

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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