Consumer Sentiment

RECENT NEWS
Yahoo  Apr 17  Comment 
The University of Michigan's preliminary April reading on the overall index on consumer sentiment came in at 95.9, up from the final March read of 93.0. Analysts were looking for a reading of 94.0. The median forecast of analysts polled by Reuters...
MarketWatch  Apr 17  Comment 
Consumer sentiment improved in April, according to the University of Michigan gauge released Friday. The index rose to 95.9, up from 93 in March and the MarketWatch-compiled economist forecast of 93.5. Separately, the Conference Board said leading...
Mondo Visione  Apr 9  Comment 
The MNI Russia Consumer Sentiment Indicator fell to 69.2 in March from 73.1 in February, the lowest level since the survey began in March 2013. Consumer sentiment is now down 22.6% on the year following a prolonged downturn which began even before...
Mondo Visione  Apr 8  Comment 
The MNI India Consumer Sentiment Indicator fell to 118.5 in March from 121.2 in February, the lowest level since September 2013 when the economy was mired in a currency crisis. The fall in consumer sentiment wiped out the gains made over the...
Clusterstock  Mar 27  Comment 
NEW YORK (Reuters) - U.S. consumer sentiment fell month-over-month in March, a survey released on Friday showed, though the reading was better than expected. The University of Michigan's final March reading on the overall index on consumer...
The Australian  Mar 18  Comment 
A FORECAST of the likely pace of economic growth is above trend for the first time in over a year, as the latest rate cut lifts consumer sentiment.
Wall Street Journal  Mar 13  Comment 
Consumers in early March scaled back their enthusiasm about the U.S. economy, according to the University of Michigan consumer sentiment index. The drop was concentrated in lower-income households facing higher utility bills.
Clusterstock  Mar 13  Comment 
Mondo Visione  Mar 11  Comment 
Russian consumers were slightly less pessimistic in February, although record high inflation expectations and a bleaker outlook for long-term business conditions are likely to weigh on sentiment in the future.   The MNI Russia Consumer...
Reuters  Mar 10  Comment 
Faster growth and improved consumer sentiment should boost sales of passenger cars and utility vehicles in India by 6 to 8 percent in the year starting in April, the country's auto industry body said on Tuesday.
Mondo Visione  Mar 10  Comment 
Consumer sentiment improved for the second consecutive month in February, providing a further sign that the extended downturn in confidence has come to an end. The MNI India Consumer Sentiment Indicator rose to 121.2 in February from 120.4 in...




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Consumer sentiment is the measurement of consumers' attitudes towards their financial positions and the present situation as well as expectations of the economic conditions.[1] Similar to consumer confidence, consumer sentiment is directly related to consumer spending. Since consumer spending accounts for almost two-third of U.S GDP, the level of consumer sentiment then becomes a key indicator to gauge the health of the economy.

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Consumer Sentiment [2]

Measures of consumer sentiment

Michigan Consumer Sentiment Index (MCSI)

Consumer sentiment is measured using the Michigan Consumer Sentiment Index (MSCI). The report is released twice a month from data collected from telephone surveys conducted with 500 U.S consumers. The survey is carried out by the University of Michigan and queries in the survey include consumers' financial situation and attitudes about the economy. Approximately 60% of total survey results are released in the preliminary report on the 10th of each month whereas the final report for the prior month is released on the first of the month.[3]

Why is it important?

The pattern in consumer attitudes has the foremost influence on both the stock and bond markets. Consumer sentiment figure impacts the stock market positively when sentiment is up, and negatively when sentiment is down. The industry that is most affected by consumer sentiment is the retail industry, as their profits are directly affected by consumer spending. In 2007, the credit crunch and spiking gasoline prices drove down consumer sentiment to record lows. However, as the index began to increase again in 2008, it helped investors to confirm that the economy is easing out of recession.[4]

See also: Consumer Confidence

References

  1. ForexForum: Forex Glossary
  2. Iacono Research
  3. Investopedia: Michigan Consumer Sentiment Index
  4. Econoday: 2010 Economic Calendar


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