United States Consumer Confidence

Last Release

Feb 28, 2025

Actual

64.7

Units In

Points

71.1

Frequency

Monthly

Next Release

Mar 28, 2025

Time to Release

1 Months 2 Days 20 Hours

Highest	Lowest	Average	Date Range	Source
111.4 Jan 2000	50 Jun 2022	85.18 Points	1952-2025	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 revised sharply lower to 64.7 in February 2025 from a preliminary of 67.8, reaching the lowest level since November 2023. The gauge for current economic conditions was also revised lower to 65.7 from 68.7 and the expectations subindex was revised down to 64 from 67.3. The decrease in sentiment was unanimous across groups by age, income, and wealth. The drop was led by a 19% plunge in buying conditions for durables, in large part due to fears that tariff-induced price increases are imminent. Expectations for personal finances and the short-run economic outlook both declined almost 10%, while the long-run economic outlook fell back about 6% to its lowest reading since November 2023. Meanwhile, inflation expectations for the year-ahead soared to 4.3%, the highest since November 2023. The five-year outlook increased to 3.5% from a preliminary of 3.3% and above 3.2% in January, the largest mom increase seen since May 2021.