X

Michigan Consumer Sentiment Index

Consumer exuberance can translate into greater spending and faster economic growth, implying a stronger labor market and a potential pick-up in inflation, helping turn the Fed hawkish. This survey’s popularity among analysts (mentioned more frequently than CB Consumer Confidence) is justified because the data here includes interviews conducted up to a day or two before the official release, making it a timely measure of consumer mood, but foremost because it gauges consumer attitudes on financial and income situations. Actual figures beating consensus tend to be USD bullish.

Most recent - Friday 26 May 2023 14:00

Previous
57.7
Forecast
57.7
Actual
59.2

Higher numbers than forecast tend to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.

Next event - Friday 16 June 2023 14:00

Previous
59.2
Forecast
56.6
Actual
-

The typical/expected impact on USD pairs is high.

The consensus forecast for Michigan Consumer Sentiment Index is 56.6. A higher value than forecast tends to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.

Trading range

Forecast history

The most recent announced value for Michigan Consumer Sentiment Index was 59.2 against a forecast of 57.7.

Past events

Date
Forecast
Actual
Friday 26 May 2023 14:00
57.7
59.2
Friday 12 May 2023 14:00
63
57.7
Friday 28 April 2023 14:00
63.5
63.5
Friday 14 April 2023 14:00
62
63.5
Friday 31 March 2023 14:00
63.2
62
Friday 17 March 2023 14:00
67
63.4
Friday 24 February 2023 15:00
66.4
67
Friday 10 February 2023 15:00
65
66.4
Friday 27 January 2023 15:00
64.6
64.9
Friday 13 January 2023 15:00
60.5
64.6
Friday 23 December 2022 15:00
59.1
59.7
Friday 9 December 2022 15:00
53.3
59.1
Wednesday 23 November 2022 15:00
55
56.8
Friday 11 November 2022 15:00
59.5
54.7
Friday 28 October 2022 14:00
59.8
59.9
Friday 14 October 2022 14:00
59
59.8
Friday 30 September 2022 14:00
59.5
58.6
Friday 16 September 2022 14:00
60
59.5
Friday 26 August 2022 14:00
55.2
58.2
Friday 12 August 2022 14:00
52.5
55.1
Friday 29 July 2022 14:00
51.1
51.5
Friday 15 July 2022 14:00
49.9
51.1
Friday 24 June 2022 14:00
50.2
50
Friday 10 June 2022 14:00
58
50.2
Friday 27 May 2022 14:00
59.1
58.4
Friday 13 May 2022 14:00
64
59.1
Friday 29 April 2022 14:00
65.7
65.2
Thursday 14 April 2022 14:00
59
65.7
Friday 25 March 2022 14:00
59.7
59.4
Friday 11 March 2022 15:00
61.4
59.7
Friday 25 February 2022 15:00
61.7
62.8
Friday 11 February 2022 15:00
67.5
61.7
Friday 28 January 2022 15:00
68.7
67.2
Friday 14 January 2022 15:00
70
68.8
Thursday 23 December 2021 15:00
70.4
70.6
Friday 10 December 2021 15:00
67.1
70.4
Wednesday 24 November 2021 15:00
66.9
67.4
Friday 12 November 2021 15:00
72.4
66.8
Friday 29 October 2021 14:00
71.4
71.7
Friday 15 October 2021 14:00
73.1
71.4
Friday 1 October 2021 14:00
71
72.8
Friday 17 September 2021 14:00
72.2
71
Friday 27 August 2021 14:00
70.7
70.3
Friday 13 August 2021 14:00
81.2
70.2
Friday 30 July 2021 14:00
80.8
81.2
Friday 16 July 2021 14:00
86.5
80.8
Friday 25 June 2021 14:00
86.5
85.5
Friday 11 June 2021 14:00
84
86.4
Friday 28 May 2021 14:00
82.9
82.9
Friday 14 May 2021 14:00
90.4
82.8
Friday 30 April 2021 14:00
87.5
88.3
Friday 16 April 2021 14:00
89.6
86.5
Friday 26 March 2021 14:00
83.6
84.9
Friday 12 March 2021 15:00
78.5
83
Friday 26 February 2021 15:00
76.5
76.8
Friday 12 February 2021 15:00
80.8
76.2
Friday 29 January 2021 15:00
79.2
79
Friday 15 January 2021 15:00
80
79.2
Wednesday 23 December 2020 15:00
81.3
80.7
Friday 11 December 2020 15:00
76.5
81.4
Wednesday 25 November 2020 15:00
77
76.9
Friday 13 November 2020 15:00
82
77
Friday 30 October 2020 14:00
81.2
81.8
Friday 16 October 2020 14:00
80.5
81.2
Friday 2 October 2020 14:00
79
80.4
Friday 18 September 2020 14:00
75
78.9
Friday 28 August 2020 14:00
72.8
74.1
Friday 14 August 2020 14:00
72
72.8
Friday 31 July 2020 14:00
73
72.5
Friday 17 July 2020 14:00
79
73.2
Friday 26 June 2020 14:00
79
78.1
Friday 12 June 2020 14:00
75
78.9

Economic context

Recent economic data has been broadly neutral for USD. Other recent announcements which may affect the market's interpretation of the next Michigan Consumer Sentiment Index result:

PreviousLatest
Average Hourly Earnings (MoM)Bearish change0.4%0.3%
Average Hourly Earnings (YoY)Bearish change4.4%4.3%
Labor Force Participation Rate(no change)62.6%62.6%
Nonfarm PayrollsBullish change294K339K
U6 Underemployment RateBearish change6.6%6.7%
Unemployment RateBearish change3.4%3.7%
ISM Manufacturing Employment IndexBullish change50.251.4
ISM Manufacturing New Orders IndexBearish change45.742.6
ISM Manufacturing PMIBearish change47.146.9
ISM Manufacturing Prices PaidBearish change53.244.2
S&P Global Manufacturing PMIBearish change48.548.4
Initial Jobless ClaimsBearish change230K232K
Initial Jobless Claims 4-week averageBullish change232K229.5K
Nonfarm ProductivityBullish change-2.7%-2.1%
Unit Labor CostsBearish change6.3%4.2%
ADP Employment ChangeBearish change291K278K
Chicago Purchasing Managers' IndexBearish change48.640.4
Housing Price Index (MoM)Bearish change0.7%0.6%
S&P/Case-Shiller Home Price Indices (YoY)Bearish change0.4%-1.1%
UoM 5-year Consumer Inflation ExpectationBearish change3.2%3.1%
Core Personal Consumption Expenditures - Price Index (MoM)Bullish change0.3%0.4%
Core Personal Consumption Expenditures - Price Index (YoY)Bullish change4.6%4.7%
Durable Goods OrdersBearish change3.3%1.1%
Durable Goods Orders ex DefenseBearish change3.2%-0.6%
Durable Goods Orders ex TransportationBearish change0.3%-0.2%
Nondefense Capital Goods Orders ex AircraftBullish change-0.6%1.4%
Personal Income (MoM)Bullish change0.3%0.4%
Personal SpendingBullish change0.1%0.8%
Pending Home Sales (MoM)Bullish change-5.2%0%
Chicago Fed National Activity Index Bullish change-0.370.07
Core Personal Consumption Expenditures (QoQ)Bullish change4.9%5%
Gross Domestic Product AnnualizedBullish change1.1%1.3%
Gross Domestic Product Price IndexBullish change4%4.2%
Initial Jobless ClaimsBearish change225K229K
Initial Jobless Claims 4-week average(no change)231.75K231.75K
Personal Consumption Expenditures Prices (QoQ)(no change)4.2%4.2%
New Home Sales (MoM)Bullish change0.656M0.683M
S&P Global Composite PMIBullish change53.454.5
S&P Global Manufacturing PMIBearish change50.248.5
S&P Global Services PMIBullish change53.655.1

About Michigan Consumer Sentiment Index

Country:United States
Currency:USD
Source:University of Michigan
Category:Consumption
Frequency:Monthly

Related events

Australia
Retail Sales s.a. (MoM)
Canada
Retail Sales (MoM)
China
Retail Sales (YoY)
Germany
Retail Sales (YoY)
Eurozone
Retail Sales (YoY)
New Zealand
Retail Sales (QoQ)
United States
Retail Sales (MoM)
United States
Retail Sales Control Group
Australia
Westpac Consumer Confidence
Australia
Retail Sales (QoQ)
Canada
Retail Sales ex Autos (MoM)
Switzerland
Real Retail Sales (YoY)
Germany
Retail Sales (MoM)
Germany
Gfk Consumer Confidence Survey
Eurozone
Consumer Confidence
Eurozone
Retail Sales (MoM)
Japan
Large Retailer Sales
Japan
Overall Household Spending (YoY)
Japan
Retail Trade s.a (MoM)
Japan
Retail Trade (YoY)
New Zealand
ANZ – Roy Morgan Consumer Confidence
New Zealand
Retail Sales ex Autos (QoQ)
New Zealand
Westpac Consumer Survey
United Kingdom
BRC Like-For-Like Retail Sales (YoY)
United Kingdom
Retail Sales ex-Fuel (MoM)
United Kingdom
GfK Consumer Confidence
United Kingdom
Retail Sales (MoM)
United Kingdom
Retail Sales ex-Fuel (YoY)
United Kingdom
Retail Sales (YoY)
United States
Consumer Confidence
United States
Retail Sales ex Autos (MoM)
United States
UoM 5-year Consumer Inflation Expectation
United States
Personal Consumption Expenditures Prices (QoQ)
United States
Core Personal Consumption Expenditures (QoQ)
United States
Personal Spending
 
Continue to site >