The University of Michigan consumer sentiment for the US was confirmed at 74 in December 2024, the highest level since April, compared to 71.8 in November. The expectations gauge was revised sharply higher to 73.3 from a preliminary of 71.6 but the current conditions index was revised lower to 75.1 from 77.7. "Buying conditions exhibited a particularly strong 32% improvement, primarily due to a surge in consumers expecting future price increases for large purchases. Broadly speaking, consumers believe that the economy has improved considerably as inflation has slowed, but they do not feel that they are thriving", Surveys of Consumers Director Joanne Hsu said. Meanwhile, inflation expectations were revised down to 2.8% from 2.9% for the year-ahead and to 3% from 3.1% for the next five years. source: University of Michigan

Consumer Confidence in the United States increased to 74 points in December from 71.80 points in November of 2024. Consumer Confidence in the United States averaged 85.23 points from 1952 until 2024, reaching an all time high of 111.40 points in January of 2000 and a record low of 50.00 points in June of 2022. This page provides the latest reported value for - United States Consumer Sentiment - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Michigan Consumer Sentiment - data, historical chart, forecasts and calendar of releases - was last updated on January of 2025.

Consumer Confidence in the United States increased to 74 points in December from 71.80 points in November of 2024. Consumer Confidence in the United States is expected to be 74.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-12-06 03:00 PM Michigan Consumer Sentiment Prel Dec 74.0 71.8 73 72.5
2024-12-20 03:00 PM Michigan Consumer Sentiment Final Dec 74.0 71.8 74.0 74.0
2025-01-10 03:00 PM Michigan Consumer Sentiment Prel Jan 74.0 73.8 75

Components Last Previous Unit Reference
Michigan 5 Year Inflation Expectations 3.00 3.20 percent Dec 2024
Michigan Consumer Expectations 73.30 76.90 points Dec 2024
Michigan Current Conditions 75.10 63.90 points Dec 2024
Michigan Inflation Expectations 2.80 2.60 percent Dec 2024

Related Last Previous Unit Reference
Michigan Consumer Sentiment 74.00 71.80 points Dec 2024

United States Michigan Consumer Sentiment
The Index of Consumer Expectations focuses on three areas: how consumers view prospects for their own financial situation, how they view prospects for the general economy over the near term, and their view of prospects for the economy over the long term. Each monthly survey contains approximately 50 core questions, each of which tracks a different aspect of consumer attitudes and expectations. The samples for the Surveys of Consumers are statistically designed to be representative of all American households, excluding those in Alaska and Hawaii. Each month, a minimum of 500 interviews are conducted by telephone.
Actual Previous Highest Lowest Dates Unit Frequency
74.00 71.80 111.40 50.00 1952 - 2024 points Monthly
1966Q1=100, NSA


News Stream
Michigan Consumer Sentiment Confirmed at 8-Month High
The University of Michigan consumer sentiment for the US was confirmed at 74 in December 2024, the highest level since April, compared to 71.8 in November. The expectations gauge was revised sharply higher to 73.3 from a preliminary of 71.6 but the current conditions index was revised lower to 75.1 from 77.7. "Buying conditions exhibited a particularly strong 32% improvement, primarily due to a surge in consumers expecting future price increases for large purchases. Broadly speaking, consumers believe that the economy has improved considerably as inflation has slowed, but they do not feel that they are thriving", Surveys of Consumers Director Joanne Hsu said. Meanwhile, inflation expectations were revised down to 2.8% from 2.9% for the year-ahead and to 3% from 3.1% for the next five years.
2024-12-20
US Consumer Sentiment at 8-Month High
The University of Michigan consumer sentiment for the US increased for a fifth consecutive month to 74 in December 2024, the highest level since April, compared to 71.8 in November and above forecasts of 73, preliminary estimates showed. The current conditions gauge soared to 77.7 from 63.9, led by a surge in buying conditions for durables, primarily due to a perception that purchasing durables now would enable buyers to avoid future price increases. On the other hand, the expectations subindex decreased to 71.6 from 76.9. On the price front, year-ahead inflation expectations rose to 2.9%, the highest reading in five months, from 2.6%. The five-year outlook decreased to 3.1% from 3.2%.
2024-12-06
US Consumer Sentiment Revised Lower But Still Holds at 7-Month High
The University of Michigan consumer sentiment for the US was revised lower to 71.8 in November 2024 from a preliminary of 73, but remained the highest reading in seven months, compared to 70.5 in October. The gauge for current economic conditions was revised down to 63.9 from 64.4 and the expectations index was revised to 63.9 from 64.4. Post-election interviews were 1.3 points below the pre-election reading, moderating the improvement seen earlier in the month. In fact, the preliminary reading did not capture any reactions to election results. Ultimately, substantial uncertainty remains over the future implementation of Trump’s economic agenda, and consumers will continue to re-calibrate their views in the months ahead. Meanwhile, inflation expectations for the year-ahead were unrevised at a near four-year low of 2.6% while the five-year outlook increased to 3.2% from a preliminary of 3.1%.
2024-11-22