The Michigan University Consumer Sentiment Survey

Why does it matter and how to use it in trades?

The next publishing of the Michigan Consumer Sentiment Index is scheduled for December 20, 2024, at 10:00 AM EST.

The Michigan Consumer Sentiment Index is a monthly survey conducted by the University of Michigan to gauge consumer confidence in the United States economy. This widely-watched economic indicator provides insights into consumer attitudes and expectations, which can have significant implications for future spending and economic activity. The University of Michigan releases a preliminary on the second Friday of each month and a final survey on the fourth Friday of each month at 10:00 a.m.

Key Components

The index consists of two main components:

1. Current Economic Conditions: This measures consumers' perceptions of their present financial situation and the current state of the economy

2. Index of Consumer Expectations: This focuses on consumers' views regarding:

   • Their own financial prospects

   • Short-term economic outlook

   • Long-term economic outlook

Methodology

• At least 500 telephone interview…