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Economic CalendarTier 1University of Michigan · last release Sep 25, 2026

Consumer Sentiment Release Dates 2026 and Market Reaction

The next University of Michigan Consumer Sentiment is scheduled for Friday, October 23, 2026 at 10:00 AM ET. On 338 Consumer sentiment days since 1998, SPY's move landed in the biggest quarter of all trading days 29.6% of the time, against 25% for any day, within two standard errors (±4.7 points) of chance: by this measure a Consumer sentiment day is indistinguishable from a normal session. The median move was 0.54% against 0.56% on all days.

Next Consumer sentimentas of 2026-10-02
Fri, Oct 23
2026 · 10:00 AM ET
Latest print · Consumer Sentiment (University of Michigan)
51.7from 55.2

August 2026, released Sep 25, 2026

Release days in top quarter
29.6% vs 25%
Median SPY move
0.54% vs 0.56%
01

Upcoming Consumer sentiment dates

  • Friday, October 23, 202610:00 AM ET
  • Friday, November 20, 202610:00 AM ET
  • Friday, December 18, 202610:00 AM ET

Schedule: FRED release 91. Release record since 1998.

02

Does the market move on release day?

On 338 Consumer sentiment days since 1998, SPY's move landed in the biggest quarter of all trading days 29.6% of the time, against 25% for any day, within two standard errors (±4.7 points) of chance: by this measure a Consumer sentiment day is indistinguishable from a normal session. The median move was 0.54% against 0.56% on all days. SPY closed higher on 56.5% of release days against 53.8% of all days. The 10-year Treasury yield moved a median 3.4 bp either way, against 3.2 bp on all days.

Release days since 1998
338
Median |SPY move|
0.54%
all days 0.56%
In the top quarter of moves
29.6%
a normal day 25% · ±4.7 pts is chance
SPY closed higher
56.5%
all days 53.8%
Median |10-year yield move|
3.4 bp
all days 3.2 bp
Mean SPY return
+0.06%
all days +0.03%

When the headline Consumer Sentiment (University of Michigan) came in above its prior reading (160 days), release days carried an average SPY return of −0.05%; when it came in below (172 days), an average SPY return of +0.18%.

The top quarter means a close-to-close SPY move of 1.04% or more either way, the 75th percentile of every trading day since 1993. Headline values are today's revised figures, and no consensus forecasts are used, so above and below compare each print with the previous print. This is not a surprise study: markets react to the gap between a release and what was expected.

-3.7%3.2%20222023202420252026+0.53%
SPY close-to-close move on each Consumer sentiment release day over the last five years
03

Recent Consumer sentiment releases

ReleasedPeriodConsumer Sentiment (University of Michigan)PriorSPY10-year
Sep 25, 2026August 202651.755.2+0.53%+2.2 bp
Aug 28, 2026July 202655.249.5−0.23%+4.8 bp
Jul 31, 2026———+0.72%+8.2 bp
Jun 26, 2026June 202649.544.8−0.48%−2.0 bp
May 22, 2026May 202644.849.8+0.39%−2.8 bp
Apr 24, 2026April 202649.853.3+0.77%−1.3 bp
Mar 27, 2026March 202653.356.6−1.71%+2.4 bp
Feb 20, 2026February 202656.656.4+0.72%+1.1 bp
Jan 23, 2026January 202656.452.9+0.04%−1.0 bp
Dec 19, 2025December 202552.951.0+0.61%+3.5 bp
Nov 21, 2025November 202551.053.6+1.00%−4.3 bp
Oct 24, 2025October 202553.655.1+0.82%+0.6 bp
Sep 26, 2025September 202555.158.2+0.57%+1.5 bp
Aug 29, 2025August 202558.261.7−0.60%+2.0 bp
Aug 1, 2025July 202561.760.7−1.64%−14.0 bp
Jun 27, 2025June 202560.752.2+0.50%+3.0 bp
May 30, 2025May 202552.252.2−0.11%−0.8 bp
Apr 25, 2025April 202552.257.0+0.72%−3.9 bp
Mar 28, 2025March 202557.064.7−2.01%−11.4 bp
Feb 21, 2025February 202564.771.7−1.71%−8.0 bp
Jan 24, 2025January 202571.774.0−0.29%−1.2 bp
Dec 20, 2024December 202474.071.8+0.86%−4.6 bp
Nov 22, 2024November 202471.870.5+0.31%−2.2 bp
Oct 25, 2024October 202470.570.1−0.03%+3.2 bp

Newest first. Values are today's revised data; a dash means no matched value.

04

What it measures

The monthly survey of household attitudes toward finances and the economy, published as a preliminary reading mid-month and a final reading at month end.

Published by
University of Michigan (UMich)
Release time
10:00 AM ET
Schedule source
FRED release 91
05

Frequently asked questions

When is the next Consumer sentiment release?

The next University of Michigan Consumer Sentiment is scheduled for Friday, October 23, 2026 at 10:00 AM ET. After that: Friday, November 20, 2026; Friday, December 18, 2026. Source: University of Michigan.

What time is the Consumer sentiment released?

The University of Michigan publishes the University of Michigan Consumer Sentiment at 10:00 AM Eastern Time on its scheduled release days.

Does the stock market move on Consumer sentiment days?

On 338 Consumer sentiment days since 1998, SPY's move landed in the biggest quarter of all trading days 29.6% of the time, against 25% for any day, within two standard errors (±4.7 points) of chance: by this measure a Consumer sentiment day is indistinguishable from a normal session. The median move was 0.54% against 0.56% on all days. SPY closed higher on 56.5% of release days against 53.8% of all days. The 10-year Treasury yield moved a median 3.4 bp either way, against 3.2 bp on all days.

How did the market react to the last Consumer sentiment release?

On Friday, September 25, 2026, SPY moved +0.53% close to close and the 10-year Treasury yield +2.2 bp. The headline Consumer Sentiment (University of Michigan) read 51.7 against 55.2 before.