United States Consumer Confidence

Last Release

Nov 30, 2024

Actual

Units In

Points

70.5

Frequency

Monthly

Next Release

Nov 22, 2024

Time to Release

13 Days 14 Hours

Highest	Lowest	Average	Date Range	Source
111.4 Jan 2000	50 Jun 2022	85.25 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 increased to 73 in November 2024, the highest in seven months, compared to 70.5 in October and above forecasts of 71, preliminary estimates showed. However, the reading do not capture any reactions to election results. The expectations index soared to 78.5, the highest since July 2021, from 74.1 in the previous month. Expectations over personal finances climbed 6% in part due to strengthening income prospects, and short-run business conditions soared 9%. Long-run business conditions increased to its most favorable reading in nearly four years. On the other hand, the current conditions gauge fell to 64.4 from 64.9. Meanwhile, year-ahead inflation expectations fell to 2.6% from 2.7%, reaching the lowest since December 2020. Inflation expectations for the next five years inched up to 3.1% from 3%.