Consumer Sentiment Index

University of Michigan Consumer Sentiment Index.

49.80

Index 1966:Q1=100

Updated 2026-04-01 · monthly Decreasing

Min

49.80

Max

112.00

Average

84.57

10Y Percentile

0%

3M Change

-11.7%

NBER recession periods

3-Month

-11.7%

6-Month

-7.1%

12-Month

-4.6%

What this means

Consumer sentiment is very low at 49.8, down 11.7% and sitting at the 0th percentile for the past decade, indicating weak consumer confidence. Households are likely cutting discretionary spending.

Historically, such weak sentiment pressures consumer‑discretionary stocks and benefits defensive sectors and fixed income. Investors often shift toward utilities, healthcare, and high‑quality bonds in similar environments.

672 observations · 1952-11-01 to 2026-04-01 · Source: FRED series UMCSENT, Federal Reserve Bank of St. Louis

Frequently Asked Questions

What is the Consumer Sentiment Index?

The University of Michigan Consumer Sentiment Index measures how optimistic consumers feel about their finances and the economy. It is based on a monthly survey of 500 households and is closely watched as a leading indicator of consumer spending.

Does consumer sentiment predict the stock market?

Low sentiment readings have historically been contrarian buy signals — markets have often performed well in the 12 months following sentiment troughs. However, sentiment is more useful as a recession indicator than a market-timing tool.