Michigan Consumer Sentiment Index

Consumer exuberance can translate into greater spending and faster economic growth, implying a stronger labor market and a potential pick-up in inflation, helping turn the Fed hawkish. This survey’s popularity among analysts (mentioned more frequently than CB Consumer Confidence) is justified because the data here includes interviews conducted up to a day or two before the official release, making it a timely measure of consumer mood, but foremost because it gauges consumer attitudes on financial and income situations. Actual figures beating consensus tend to be USD bullish.

Most recent - Friday 23 January 2026 15:00

Previous
54
Forecast
54
Actual
56.4

Higher numbers than forecast tend to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.

Next event - Friday 13 February 2026 15:00

Previous
-
Forecast
-
Actual
-

The typical/expected impact on USD pairs is high.

There is no forecast value for Michigan Consumer Sentiment Index yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Michigan Consumer Sentiment Index was 56.4 against a forecast of 54.

Past events

Date
Forecast
Actual
Friday 23 January 2026 15:00
54
56.4
Friday 9 January 2026 15:00
53.5
54
Friday 19 December 2025 15:00
53.4
52.9
Friday 5 December 2025 15:00
52
53.3
Friday 21 November 2025 15:00
50.5
51
Friday 7 November 2025 15:00
53.2
50.3
Friday 24 October 2025 14:00
55
53.6
Friday 10 October 2025 14:00
54.2
55
Friday 26 September 2025 14:00
55.4
55.1
Friday 12 September 2025 14:00
58
55.4
Friday 29 August 2025 14:00
58.6
58.2
Friday 15 August 2025 14:00
62
58.6
Friday 1 August 2025 14:00
62
61.7
Friday 18 July 2025 14:00
61.5
61.8
Friday 27 June 2025 14:00
60.5
60.7
Friday 13 June 2025 14:00
53.5
60.5
Friday 30 May 2025 14:00
51
52.2
Friday 16 May 2025 14:00
53.4
50.8
Friday 25 April 2025 14:00
50.8
52.2
Friday 11 April 2025 14:00
54.5
50.8
Friday 28 March 2025 14:00
57.9
57
Friday 14 March 2025 14:00
63.1
57.9
Friday 21 February 2025 15:00
67.8
64.7
Friday 7 February 2025 15:00
-
67.8
Friday 24 January 2025 15:00
73.2
71.1
Friday 10 January 2025 15:00
73.8
73.2
Friday 20 December 2024 15:00
74
74
Friday 6 December 2024 15:00
73
74
Friday 22 November 2024 15:00
73.7
71.8
Friday 8 November 2024 15:00
71
73
Friday 25 October 2024 14:00
69
70.5
Friday 11 October 2024 14:00
70.8
68.9
Friday 27 September 2024 14:00
69.3
70.1
Friday 13 September 2024 14:00
68
69
Friday 30 August 2024 14:00
68
67.9
Friday 16 August 2024 14:00
66.9
67.8
Friday 26 July 2024 14:00
66
66.4
Friday 12 July 2024 14:00
68.5
66
Friday 28 June 2024 14:00
65.8
68.2
Friday 14 June 2024 14:00
72
65.6
Friday 24 May 2024 14:00
67.5
69.1
Friday 10 May 2024 14:00
76
67.4
Friday 26 April 2024 14:00
77.8
77.2
Friday 12 April 2024 14:00
79
77.9
Thursday 28 March 2024 14:00
76.5
79.4
Friday 15 March 2024 14:00
76.9
76.5
Friday 1 March 2024 15:00
79.6
76.9
Friday 16 February 2024 15:00
80
79.6
Friday 2 February 2024 15:00
78.9
79
Friday 19 January 2024 15:00
70
78.8
Friday 22 December 2023 15:00
69.4
69.7
Friday 8 December 2023 15:00
62
69.4
Wednesday 22 November 2023 15:00
60.5
61.3
Friday 10 November 2023 15:00
63.7
60.4
Friday 27 October 2023 14:00
63
63.8
Friday 13 October 2023 14:00
67.4
63
Friday 29 September 2023 14:00
67.7
68.1
Friday 15 September 2023 14:00
69.1
67.7
Friday 25 August 2023 14:00
71.2
69.5
Friday 11 August 2023 14:00
71
71.2
Friday 28 July 2023 14:00
72.6
71.6
Friday 14 July 2023 14:00
65.5
72.6
Friday 30 June 2023 14:00
63.9
64.4
Friday 16 June 2023 14:00
60
63.9
Friday 26 May 2023 14:00
57.7
59.2
Friday 12 May 2023 14:00
63
57.7
Friday 28 April 2023 14:00
63.5
63.5
Friday 14 April 2023 14:00
62
63.5
Friday 31 March 2023 14:00
63.2
62
Friday 17 March 2023 14:00
67
63.4
Friday 24 February 2023 15:00
66.4
67
Friday 10 February 2023 15:00
65
66.4
Friday 27 January 2023 15:00
64.6
64.9

Economic context

Recent economic data has been broadly neutral for USD. Other recent announcements which may affect the market's interpretation of the next Michigan Consumer Sentiment Index result:

PreviousLatest
Michigan Consumer Expectations IndexBullish change5557
UoM 1-year Consumer Inflation ExpectationsBearish change4.2%4%
UoM 5-year Consumer Inflation ExpectationBearish change3.4%3.3%
S&P Global Composite PMIBullish change52.752.8
S&P Global Manufacturing PMIBullish change51.851.9
S&P Global Services PMI(no change)52.552.5
Core Personal Consumption Expenditures - Price Index (MoM)(no change)0.2%0.2%
Core Personal Consumption Expenditures - Price Index (YoY)Bullish change2.7%2.8%
Personal Consumption Expenditures - Price Index (MoM)(no change)0.2%0.2%
Personal Consumption Expenditures - Price Index (YoY)Bullish change2.7%2.8%
Personal Income (MoM)Bullish change0.1%0.3%
Personal Spending(no change)0.5%0.5%
Core Personal Consumption Expenditures - Price Index (MoM)(no change)0.2%0.2%
Core Personal Consumption Expenditures - Price Index (YoY)Bearish change2.8%2.7%
Personal Consumption Expenditures - Price Index (MoM)Bearish change0.3%0.2%
Personal Consumption Expenditures - Price Index (YoY)Bearish change2.8%2.7%
Personal Income (MoM)Bearish change0.4%0.1%
Personal SpendingBullish change0.3%0.5%
Initial Jobless ClaimsBearish change199K200K
Core Personal Consumption Expenditures (QoQ)(no change)2.9%2.9%
Gross Domestic Product AnnualizedBullish change4.3%4.4%
Gross Domestic Product Price Index(no change)3.7%3.7%
Personal Consumption Expenditures Prices (QoQ)(no change)2.8%2.8%
Pending Home Sales (MoM)Bearish change3.3%-9.3%
ADP Employment Change 4-week averageBearish change11.25K8K
Industrial Production (MoM)(no change)0.4%0.4%
Initial Jobless ClaimsBullish change207K198K
NY Empire State Manufacturing IndexBullish change-3.77.7
Philadelphia Fed Manufacturing SurveyBullish change-8.812.6
Existing Home Sales Change (MoM)Bullish change0.7%5.1%
Producer Price Index (MoM)Bullish change0.1%0.2%
Producer Price Index (YoY)Bullish change2.8%3%
Producer Price Index ex Food & Energy (MoM)Bearish change0.3%0%
Producer Price Index ex Food & Energy (YoY)Bullish change2.9%3%
Producer Price Index (MoM)Bearish change0.6%0.1%
Producer Price Index (YoY)Bearish change3%2.8%
Producer Price Index ex Food & Energy (MoM)Bearish change0.4%0.3%
Producer Price Index ex Food & Energy (YoY)(no change)2.9%2.9%
Retail Sales (MoM)Bullish change-0.1%0.6%
Retail Sales Control GroupBearish change0.6%0.4%
Retail Sales ex Autos (MoM)Bullish change0.2%0.5%
Monthly Budget StatementBullish change$-173B$-145B
New Home Sales Change (MoM)Bearish change3.8%-0.1%
New Home Sales Change (MoM)Bearish change11.3%3.8%
Consumer Price Index (MoM)(no change)0.3%0.3%
Consumer Price Index (YoY)(no change)2.7%2.7%
Consumer Price Index ex Food & Energy (MoM)(no change)0.2%0.2%
Consumer Price Index ex Food & Energy (YoY)(no change)2.6%2.6%
ADP Employment Change 4-week averageBullish change11K11.75K

About Michigan Consumer Sentiment Index

Country:United States
Currency:USD
Source:University of Michigan
Category:Consumption
Frequency:Monthly
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