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| Country: |
USA
| | Definition: |
University of Michigan Consumer Confidence Index
| | Description: |
A monthly survey of consumer confidence conducted by the University of Michigan to detect consumers’ confidence. Thus, consumers’ willingness to spend money is measured. It is a leading indicator of consumer climate. It consists of two components, sentiment (about 40% of the total index) and expectations (the other 60%) indices. About 500 consumers answer 5 questions about current and future economic situation (2 and 3 questions correspondingly). Answers to the first two questions form current conditions survey, whereas the last three questions form the expectation index
| | Influence: |
The increase in the index signal positive perspectives of the economic growth, whereas decrease signals possible deceleration in growth. The index increase triggers USD advance
| | Market Importance: |
| | Released: |
Released twice a month: a preliminary report is released around the 15th of each month, a final one is released in two weeks at 09:45 AM ET
| | Source: |
The University of Michigan
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+7 (495) 710-76-76
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© 1998—2008 «Alpari» |
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