The University of Michigan's survey of how consumers feel about the economy.
Next release: Sep 25, 2026 at 10:00 US/Eastern · Last release: Jul 1, 2026, read as hotter
The reads below are for when consumers feel better than expected. Expect the opposite when consumers feel worse than expected. Hotter was the last call.
Sectors
Consumer CyclicalUsually helpsPeople spend more when they feel confident.
Financial ServicesUsually helpsConfident consumers borrow more.
Basic MaterialsLittle effectLittle direct link.
Communication ServicesLittle effectLittle direct link.
Consumer DefensiveLittle effectLittle direct link.
EnergyLittle effectLittle direct link.
HealthcareLittle effectLittle direct link.
IndustrialsLittle effectLittle direct link.
Real EstateLittle effectLittle direct link.
TechnologyLittle effectLittle direct link.
UtilitiesLittle effectLittle direct link.
Where each sector’s relative strength sits this week is on the rotation board.
Industries that behave differently from their sector
AirlinesUsually helpsConfident people book holidays.
Auto ManufacturersUsually helpsBig purchases like cars wait for confidence.
LodgingUsually helpsConfident people travel.
RestaurantsUsually helpsConfident people eat out more.