Michigan Consumer Sentiment Index

Michigan Consumer Sentiment Index

An index on the level of consumer confidence in the United States. It takes the form of a survey conducted by the University of Michigan. It is published each month. A rising index indicates rising confidence while a falling index indicates the opposite.
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Similar to Gallup's monthly Economic Confidence Index for August, the University of Michigan Consumer Sentiment Index shows a roughly one-point decrease from July, while the Conference Board Consumer Confidence Index shows an increase in confidence since July.
FRIDAY: University of Michigan Consumer Sentiment Index - This index of US consumer confidence fell the most in more than two years in May and further weakness in the June numbers may push back further the expectations for when US interest rates will be raised.
In April, the University of Michigan Consumer Sentiment Index showed that consumers are particularly sure of and have faith in the market, which will translate into and be reflected in their propensity to spend.
Figure 3-2: University of Michigan Consumer Sentiment Index, 1975-2013
The University Michigan Consumer Sentiment Index surged to a 5-month high this month, signaling that Americans are confident in the US economy, and spending will continue to rise.
The Thomson Reuters/University of Michigan consumer sentiment index will be released on Friday, with a preliminary reading for August.
Many data releases are leading authorities on the areas they cover, such as the University of Michigan Consumer Sentiment Index at the centre of the dispute.
economic readings released Friday such as the University of Michigan consumer sentiment index in May hitting its highest level in nearly six years.
The University of Michigan Consumer Sentiment Index (MCSI) is another frequently cited measure of consumer confidence.
Data from the Thomson Reuters/University of Michigan Consumer Sentiment Index also revealed that US consumers were more cautious in early April than they were at the end of March.
The preliminary Reuters/University of Michigan consumer sentiment index for June showed consumer confidence rose to its highest level since January 2008 and came in well ahead of forecasts.
At the same time, the University of Michigan Consumer Sentiment Index increased to 73.
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