University of Michigan: Consumer Sentiment
UMCSENT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
60.70
Year-over-Year Change
-11.00%
Date Range
11/1/1952 - 6/1/2025
Summary
The University of Michigan Consumer Sentiment Index measures Americans' confidence in the overall economic environment through surveys of consumer attitudes and expectations. This indicator is crucial for predicting consumer spending, which drives approximately 70% of U.S. economic activity.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This trend reflects consumers' perceptions about current and future economic conditions, capturing their expectations about personal finances, business conditions, and purchasing power. Economists and policymakers use it as a leading indicator of potential economic shifts and consumer behavior.
Methodology
Data is collected through monthly telephone surveys of approximately 500 U.S. households, asking questions about current economic conditions and future expectations.
Historical Context
The Federal Reserve and financial markets closely monitor this index to gauge potential changes in consumer spending and economic momentum.
Key Facts
- Surveys have been conducted monthly since 1978
- Index ranges from 0-100, with 100 representing peak consumer optimism
- Significant deviations can signal potential economic turning points
FAQs
Q: How often is the Consumer Sentiment Index updated?
A: The index is updated monthly, typically near the end of each month. Preliminary results are released mid-month, with final results at month's end.
Q: What makes consumer sentiment important?
A: Consumer sentiment directly influences spending patterns, which drive approximately 70% of U.S. economic activity. Changes in sentiment can predict future economic trends.
Q: How do economists interpret the index?
A: A rising index suggests increasing consumer confidence and potential economic expansion, while a declining index might indicate expected economic challenges or reduced spending.
Q: Can the index predict economic recessions?
A: While not definitive, significant and sustained drops in consumer sentiment can be an early warning sign of potential economic downturns or recessions.
Q: What factors influence consumer sentiment?
A: Key factors include employment rates, inflation, stock market performance, political climate, and personal financial expectations.
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Citation
U.S. Federal Reserve, University of Michigan: Consumer Sentiment [UMCSENT], retrieved from FRED.
Last Checked: 8/1/2025