Monitor the US Revised UoM Consumer Sentiment to gauge financial confidence, a key driver of consumer spending and economic activity.
Financial confidence serves as a key indicator of consumer spending, which constitutes a significant portion of total economic activity. The 'Previous' value refers to the 'Actual' from the Preliminary release, leading to a lack of connection in the 'History' data. There are two releases of this data approximately 15 days apart — Preliminary and Revised, with the Preliminary release typically having a greater impact.
What it Measures
A composite index level derived from consumer surveys.
Usual Effect
'Actual' results exceeding 'Forecast' values are favorable for the currency.
Source & Frequency
University of Michigan (latest release) - https://umich.edu/ • Issued monthly, generally on the last Friday of the month.
How Data is Derived
Survey of about 800 consumers which asks respondents to rate the relative level of current and future economic conditions
Also Known As
N/A
Acronym
University of Michigan (UoM)