2018 Economic Calendar
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Consumer Sentiment  
Released On 10/12/2018 10:00:00 AM For Oct(p), 2018
PriorConsensusConsensus RangeActual
Sentiment Index - Level100.1 99.5 97.5  to 102.0 99.0 

Highlights
Less favorable views of personal finances are pulling consumer sentiment slightly lower this month, to a still very solid 99.0 in the preliminary October reading vs 100.1 in final September and 100.8 in preliminary September. Some of the sampling in the latest period did follow Wednesday's rout in the stock market but, according to the report, had virtually no impact on the results.

Year-ahead inflation expectations, as they did in the Atlanta Fed's report at the business level, are edging higher this month, up 1 tenth to 2.8 percent. But an offset in this report is a 2 tenths decline in 5-year inflation expectations, now at only 2.3 percent.

A note going into the mid-term elections next month is that confidence in the government's economic policies is at its highest level in 15 years reflecting strong confidence among Republicans and improving confidence among Democrats.

Among other readings, the current conditions component edged 8 tenths lower from final September to 114.4 while the expectations component fell 1.4 points to 89.1.

Consensus Outlook
At a consensus 99.5, the consumer sentiment index is expected to ease in the preliminary reading for October. A rise in income optimism, including among lower income groups, was a highlight of the September report. September's final reading was 100.1 with the preliminary September reading at 100.8.

Definition
The University of Michigan's Consumer Survey Center questions 600 households each month on their financial conditions and attitudes about the economy. Consumer sentiment is directly related to the strength of consumer spending. Consumer confidence and consumer sentiment are two ways of talking about consumer attitudes. Among economic reports, consumer sentiment refers to the Michigan survey while consumer confidence refers to The Conference Board's survey. Preliminary estimates for a month are released at mid-month. Final estimates for a month are released near the end of the month.  Why Investors Care
 
[Chart]
Consumer sentiment is mainly affected by employment conditions but bear-or-bull markets can also have an impact as well as national and global events. Sentiment is watched as a long- run barometer for consumer spending.
 
 

2018 Release Schedule
Released On: 1/192/22/163/23/163/294/134/275/115/256/156/297/137/278/17
Release For: JanJanFebFebMarMarAprAprMayMayJunJunJulJulAug
 
Released On: 8/319/149/2810/1210/2611/911/2112/712/21
Release For: AugSepSepOctOctNovNovDecDec
 


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