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HomeNewsEconomyConsumer Sentiment Little Changed From Post-Election High

Consumer Sentiment Little Changed From Post-Election High

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(Photo: Reuters)

The Survey of Consumers, a closely-watched gauge of consumer sentiment from the University of Michigan, came in at 98.1 in January, showing little change. The initial reading immediately after President-elect Donald J. Trump won the presidential election was a surge in confidence, a sentiment that continues several weeks after.

The preliminary result did miss expectations, as economists were looking for the reading to increase to 98.5.

“Consumer confidence remained unchanged at the cyclical peak levels recorded in December,” said Surveys of Consumers chief economist, Richard Curtin. “The Current Conditions Index rose 0.6 points to reach its highest level since 2004, and the Expectations Index fell 0.6 points which was lower than only the 2015 peak during the past dozen years.”

Preliminary Consumer Sentiment Results for January 2017

Jan Dec Jan M-M Y-Y
2017 2016 2016 Change Change
Index of Consumer Sentiment 98.1 98.2 92.0 -0.1% +6.6%
Current Economic Conditions 112.5 111.9 106.4 +0.5% +5.7%
Index of Consumer Expectations 88.9 89.5 82.7 -0.7% +7.5%
Next data release: January 27, 2017 for Final January data at 10am ET
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PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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