University of Michigan Consumer Confidence Index

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