Consumer Sentiment

RECENT NEWS
Mondo Visione  Nov 10  Comment 
Russia consumer sentiment fell to a record low in October as stubbornly high inflation and the weak rouble made households more pessimistic about the future than ever before.   The MNI Russia Consumer Indicator fell by 5.4% on the month to 80.7...
MarketWatch  Nov 9  Comment 
What retailers' earnings will say about consumer sentiment
newratings.com  Nov 6  Comment 
BRUSSELS (dpa-AFX) - Swiss consumer sentiment weakened more than expected in October, a quarterly survey data from the State Secretariat for Economic Affairs, or SECO showed Thursday. The consumer confidence index fell to -11 in October from -1...
Mondo Visione  Nov 4  Comment 
Consumer sentiment eased slightly in October as the outlook for household finances deteriorated and a growing proportion of consumers refrained from purchasing big ticket items in spite of the festival season.   The MNI India Consumer...
Yahoo  Oct 31  Comment 
The Thomson Reuters/University of Michigan's final October reading on the overall index on consumer sentiment finished at 86.9, the highest level since July 2007, up from 84.6 at the end of September. "The gains in confidence over the past three...
MarketWatch  Oct 31  Comment 
U.S. consumer sentiment on rise in October: Univ. of Mich.
newratings.com  Oct 29  Comment 
PARIS (dpa-AFX) - French consumer confidence remained unchanged in October, survey data from the statistical office Insee showed Wednesday. The consumer sentiment index came in at 85, unchanged from September. Economists had expected the index...
newratings.com  Oct 29  Comment 
BEIJING (dpa-AFX) - China's consumer sentiment decreased in October, results of a survey by MNI and Westpac showed Wednesday. The Westpac-MNI consumer sentiment index fell to 110.9 in October from 113.2 in September. In August, the index...
newratings.com  Oct 24  Comment 
BERLIN (dpa-AFX) - German consumer climate for November improved unexpectedly, survey data revealed Friday. The forward-looking consumer confidence index rose slightly to 8.5 in November from 8.4 in October, market research group GfK said. The...




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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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