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Home » Forex Glossary » University of Michigan Consumer Sentiment Index - United States

University of Michigan Consumer Sentiment Index - United States

As one of the most significant indicators of American consumer's opinion of the economy, the University of Michigan Consumer Sentiment Index surveys the consumer's opinion on such issues as business condition, personal finances, and purchasing power. This survey samples hundres of consumers by phone in order to concoct this report. In the report there is a headline figure that is brought out by determining the quantitative difference between the percent of unfavorable responses versus favorable responses. Consumer confidence can reflect the level of consumer spending in the market. For example an increase in consumer spending may reflect a higher consumer confidence, while a reduced number of consumer spending may reflect lower consumer confidence.