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, 28 March 14:00

Previous
57.9
Forecast
57.9
Actual
57

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

Next event - Tomorrow 14:00

Previous
57
Forecast
54.5
Actual
-

The typical/expected impact on USD pairs is high.

The consensus forecast for Michigan Consumer Sentiment Index is 54.5. 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 57 against a forecast of 57.9.

Past events

Date
Forecast
Actual
28 March 2025 14:00
57.9
57
14 March 2025 14:00
63.1
57.9
21 February 2025 15:00
67.8
64.7
7 February 2025 15:00
-
67.8
24 January 2025 15:00
73.2
71.1
10 January 2025 15:00
73.8
73.2
20 December 2024 15:00
74
74
6 December 2024 15:00
73
74
22 November 2024 15:00
73.7
71.8
8 November 2024 15:00
71
73
25 October 2024 14:00
69
70.5
11 October 2024 14:00
70.8
68.9
27 September 2024 14:00
69.3
70.1
13 September 2024 14:00
68
69
30 August 2024 14:00
68
67.9
16 August 2024 14:00
66.9
67.8
26 July 2024 14:00
66
66.4
12 July 2024 14:00
68.5
66
28 June 2024 14:00
65.8
68.2
14 June 2024 14:00
72
65.6
24 May 2024 14:00
67.5
69.1
10 May 2024 14:00
76
67.4
26 April 2024 14:00
77.8
77.2
12 April 2024 14:00
79
77.9
28 March 2024 14:00
76.5
79.4
15 March 2024 14:00
76.9
76.5
1 March 2024 15:00
79.6
76.9
16 February 2024 15:00
80
79.6
2 February 2024 15:00
78.9
79
19 January 2024 15:00
70
78.8
22 December 2023 15:00
69.4
69.7
8 December 2023 15:00
62
69.4
22 November 2023 15:00
60.5
61.3
10 November 2023 15:00
63.7
60.4
27 October 2023 14:00
63
63.8
13 October 2023 14:00
67.4
63
29 September 2023 14:00
67.7
68.1
15 September 2023 14:00
69.1
67.7
25 August 2023 14:00
71.2
69.5
11 August 2023 14:00
71
71.2
28 July 2023 14:00
72.6
71.6
14 July 2023 14:00
65.5
72.6
30 June 2023 14:00
63.9
64.4
16 June 2023 14:00
60
63.9
26 May 2023 14:00
57.7
59.2
12 May 2023 14:00
63
57.7
28 April 2023 14:00
63.5
63.5
14 April 2023 14:00
62
63.5
31 March 2023 14:00
63.2
62
17 March 2023 14:00
67
63.4
24 February 2023 15:00
66.4
67
10 February 2023 15:00
65
66.4
27 January 2023 15:00
64.6
64.9
13 January 2023 15:00
60.5
64.6
23 December 2022 15:00
59.1
59.7
9 December 2022 15:00
53.3
59.1
23 November 2022 15:00
55
56.8
11 November 2022 15:00
59.5
54.7
28 October 2022 14:00
59.8
59.9
14 October 2022 14:00
59
59.8
30 September 2022 14:00
59.5
58.6
16 September 2022 14:00
60
59.5
26 August 2022 14:00
55.2
58.2
12 August 2022 14:00
52.5
55.1
29 July 2022 14:00
51.1
51.5
15 July 2022 14:00
49.9
51.1
24 June 2022 14:00
50.2
50
10 June 2022 14:00
58
50.2
27 May 2022 14:00
59.1
58.4
13 May 2022 14:00
64
59.1
29 April 2022 14:00
65.7
65.2
14 April 2022 14:00
59
65.7

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)Bullish change0.2%0.3%
Average Hourly Earnings (YoY)Bearish change4%3.8%
Labor Force Participation RateBullish change62.4%62.5%
Nonfarm PayrollsBullish change117K228K
U6 Underemployment RateBullish change8%7.9%
Unemployment RateBearish change4.1%4.2%
ISM Services Employment IndexBearish change53.946.2
ISM Services New Orders IndexBearish change52.250.4
ISM Services PMIBearish change53.550.8
ISM Services Prices PaidBearish change62.660.9
S&P Global Composite PMI(no change)53.553.5
Initial Jobless ClaimsBullish change225K219K
Challenger Job CutsBullish change172.017K275.24K
Factory Orders (MoM)Bearish change1.8%0.6%
ADP Employment ChangeBullish change84K155K
ISM Manufacturing Employment IndexBearish change47.644.7
ISM Manufacturing New Orders IndexBearish change48.645.2
ISM Manufacturing PMIBearish change50.349
ISM Manufacturing Prices PaidBullish change62.469.4
JOLTS Job OpeningsBearish change7.762M7.568M
Chicago Purchasing Managers' IndexBullish change45.547.6
UoM 5-year Consumer Inflation ExpectationBullish change3.9%4.1%
Core Personal Consumption Expenditures - Price Index (MoM)Bullish change0.3%0.4%
Core Personal Consumption Expenditures - Price Index (YoY)Bullish change2.7%2.8%
Personal Consumption Expenditures - Price Index (MoM)(no change)0.3%0.3%
Personal Consumption Expenditures - Price Index (YoY)(no change)2.5%2.5%
Personal Income (MoM)Bullish change0.7%0.8%
Personal SpendingBullish change-0.3%0.4%
Pending Home Sales (MoM)Bullish change-4.6%2%
Core Personal Consumption Expenditures (QoQ)Bearish change2.7%2.6%
Gross Domestic Product AnnualizedBullish change2.3%2.4%
Gross Domestic Product Price IndexBearish change2.4%2.3%
Initial Jobless ClaimsBullish change225K224K
Personal Consumption Expenditures Prices (QoQ)(no change)2.4%2.4%

About Michigan Consumer Sentiment Index

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