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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In the US, housing starts are released at 1330 BST, the Michigan consumer sentiment index is at 1500 BST and the Baker Hughes US oil rig count at 1800 BST.
The data slate has March import and export prices and the preliminary University of Michigan consumer sentiment index.
The gross domestic product grew 1.1% in the second quarter, while the University of Michigan consumer sentiment index fell to 89.8 from 90.0 in July.
The University of Michigan consumer sentiment index for April was 89, down from 91 in March and the lowest level since September.
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.
Retail sales in April remained at a similar level as that of the previous month, and consumer sentiment shrank as the University of Michigan Consumer Sentiment Index fell to its lowest level in six months.
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.
FRIDAY: - Michigan Consumer Sentiment Index - The University of Michigan consumer confidence index is a monthly survey which asked a broad range of questions to gauge the general sentiment amongst the US population.
The Thomson Reuters/University of Michigan consumer sentiment index surpassed expectations in November 2013, with a final reading of 75.1, versus the median forecast of 73.5.
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.
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