2018 Economic Calendar
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Consumer Sentiment  
Released On 6/15/2018 10:00:00 AM For Jun(p), 2018
PriorConsensusConsensus RangeActual
Sentiment Index - Level98.0 98.5 97.5  to 99.0 99.3 

Highlights
Tariffs and talk of trade wars may be pulling down expectations but they aren't affecting the consumer's immediate view. The consumer sentiment index for preliminary June tops Econoday's high forecast, at 99.3 for the best showing in two months. In a positive indication for June consumer spending, the current conditions component is surging this month, up more than 6 points to 117.9 reflecting ongoing strength in household finances and rising buying plans for durables. This offsets a nearly 2 point decline in expectations to 87.4, a dip reflecting a less favorable view among consumers for the economy. Inflation expectations are moving higher, up 1 tenth each for both the year-ahead and 5-year outlooks, at 2.9 and 2.6 percent respectively.

Consensus Outlook
The consumer sentiment is expected to firm slightly to 98.5 in the preliminary reading for June vs May's already very solid 98.0. Year-ahead inflation expectations in this report have been flat.

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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