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United States Consumer Confidence
Last Release
Dec 31, 2024
Actual
74
Units In
Points
Previous
71.8
Frequency
Monthly
Next Release
Jan 24, 2025
Time to Release
1 Months 2 Days 11 Hours
Highest | Lowest | Average | Date Range | Source |
111.4 Jan 2000 | 50 Jun 2022 | 85.23 Points | 1952-2024 | University of Michigan |
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.
Latest Updates
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.
United States Consumer Confidence History
Last 12 readings