Historical Year Data · 1979

Consumer Sentiment (Michigan) in 1979

Consumer Sentiment (Michigan) opened 1979 at 72.10 and closed at 61.00, a -15.40% move for the year. The high of 73.90 was reached on February 1, and the low of 60.40 on July 1.

Open

72.10

1979-01

61.00

12 data points

High

73.90

Feb 1

Low

60.40

Jul 1

Full Year Change

-15.40%

1978 Change

-21.03%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	72.10	72.10	72.10	72.10	+0.00%
Feb	73.90	73.90	73.90	73.90	+0.00%
Mar	68.40	68.40	68.40	68.40	+0.00%
Apr	66.00	66.00	66.00	66.00	+0.00%
May	68.10	68.10	68.10	68.10	+0.00%
Jun	65.80	65.80	65.80	65.80	+0.00%
Jul	60.40	60.40	60.40	60.40	+0.00%
Aug	64.50	64.50	64.50	64.50	+0.00%
Sep	66.70	66.70	66.70	66.70	+0.00%
Oct	62.10	62.10	62.10	62.10	+0.00%
Nov	63.30	63.30	63.30	63.30	+0.00%
Dec	61.00	61.00	61.00	61.00	+0.00%

Events During 1979

1979 Volcker Shock

Stagflation

October 1979 – August 1982

Paul Volcker's Fed raised interest rates to 20% to break entrenched inflation. The policy triggered the deepest post-war recession but ended the stagflation era and established inflation-targeting credibility.

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