University of Michigan: Consumer SentimentUniversity of Michigan: Consumer SentimentUniversity of Michigan: Consumer Sentiment

University of Michigan: Consumer Sentiment

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Indicator info


Category
Consumer
Frequency
Monthly
Units
POINT
The University of Michigan Consumer Sentiment Index is a monthly survey-based metric measuring US consumer confidence, tracking how households view their own personal finances and the broader macroeconomic environment. The survey asks consumers to evaluate their income expectations, purchasing intentions, and inflation outlook. Because consumer spending accounts for roughly 70% of the US GDP, macro traders and economists view this index as a crucial leading indicator; high sentiment often presages robust retail sales, while a sharp drop can signal impending pullbacks in discretionary spending and rising recession risks.

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