Historical Year Data · 1981

Consumer Sentiment (Michigan) in 1981

Consumer Sentiment (Michigan) opened 1981 at 71.40 and closed at 64.30, a -9.94% move for the year. The high of 77.20 was reached on August 1, and the low of 62.50 on November 1.

Open

71.40

1981-01

64.30

12 data points

High

77.20

Aug 1

Low

62.50

Nov 1

Full Year Change

-9.94%

1980 Change

-3.73%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	71.40	71.40	71.40	71.40	+0.00%
Feb	66.90	66.90	66.90	66.90	+0.00%
Mar	66.50	66.50	66.50	66.50	+0.00%
Apr	72.40	72.40	72.40	72.40	+0.00%
May	76.30	76.30	76.30	76.30	+0.00%
Jun	73.10	73.10	73.10	73.10	+0.00%
Jul	74.10	74.10	74.10	74.10	+0.00%
Aug	77.20	77.20	77.20	77.20	+0.00%
Sep	73.10	73.10	73.10	73.10	+0.00%
Oct	70.30	70.30	70.30	70.30	+0.00%
Nov	62.50	62.50	62.50	62.50	+0.00%
Dec	64.30	64.30	64.30	64.30	+0.00%

Events During 1981

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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