Historical Year Data · 1980

Consumer Sentiment (Michigan) in 1980

Consumer Sentiment (Michigan) opened 1980 at 67.00 and closed at 64.50, a -3.73% move for the year. The high of 76.70 was reached on November 1, and the low of 51.70 on May 1.

Open

67.00

1980-01

64.50

12 data points

High

76.70

Nov 1

Low

51.70

May 1

Full Year Change

-3.73%

1979 Change

-15.40%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	67.00	67.00	67.00	67.00	+0.00%
Feb	66.90	66.90	66.90	66.90	+0.00%
Mar	56.50	56.50	56.50	56.50	+0.00%
Apr	52.70	52.70	52.70	52.70	+0.00%
May	51.70	51.70	51.70	51.70	+0.00%
Jun	58.70	58.70	58.70	58.70	+0.00%
Jul	62.30	62.30	62.30	62.30	+0.00%
Aug	67.30	67.30	67.30	67.30	+0.00%
Sep	73.70	73.70	73.70	73.70	+0.00%
Oct	75.00	75.00	75.00	75.00	+0.00%
Nov	76.70	76.70	76.70	76.70	+0.00%
Dec	64.50	64.50	64.50	64.50	+0.00%

Events During 1980

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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