Consumer Sentiment

RECENT NEWS
The Straits Times  Aug 21  Comment 
August 22, 2014 1:09 AM POOR consumer sentiment in Malaysia and Vietnam has weighed down earnings at South-east Asian department store operator Parkson Retail Asia.
New York Times  Aug 15  Comment 
Producer prices barely edged up in July, held back by declining energy prices, while the index on consumer sentiment was the lowest since November.
Clusterstock  Aug 15  Comment 
(Reuters) - U.S. consumer sentiment fell in August to its lowest since last November while a barometer of current economic conditions rose to its highest since July 2007, a survey released on Friday showed. The Thomson Reuters/University of...
WA Business News  Aug 14  Comment 
Profits at James Packer's gaming company Crown have soared, but weak consumer sentiment is hurting trade at its Perth and Melbourne casinos.
The Australian  Aug 7  Comment 
FLEXIGROUP hit the $1bn mark for finance provided for the first time in 2013-14, buoyed by better consumer sentiment.
newratings.com  Aug 7  Comment 
BRUSSELS (dpa-AFX) - Sentiment among consumers in Switzerland weakened further in July, defying expectations for an improvement, data from the State Secretariat for Economic Affairs, or SECO, showed Thursday. The consumer confidence fell to -1 in...
Mondo Visione  Aug 7  Comment 
Russian consumer sentiment increased for the second consecutive month in July after hitting a record low in May, although it still remains well below the levels seen at the start of the year prior to the annexation of Crimea. The MNI Russia...
Clusterstock  Aug 1  Comment 
The University of Michigan's consumer sentiment index slipped to  to 81.8 in July from 82.5 in June. This reading, however, was actually right in line with expectations. According to the survey, consumers' assessment of the current situation...




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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.

Consumer Sentiment ‎
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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