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2008 Economic Calendar |
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Resource Center » U.S. & Intl Recaps | Release Dates | Why Investors Care | Today's Calendar
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The University of Michigan's Consumer Survey Center questions 500 households each month on their financial conditions and attitudes about the economy. Consumer sentiment is directly related to the strength of consumer spending. Consumer confidence and consumer sentiment are two ways of talking about consumer attitudes. Among economic reports, consumer sentiment refers to the Michigan survey while consumer confidence refers to The Conference Board's survey. Why Investors Care
| Released on 2/3/06 For Jan 2006 | ||||||||||||
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Highlights
The University of Michigan's consumer sentiment index edged back to 91.2 in January vs. a 93.4 reading at mid-month and compared with 91.5 in December. Though the dip is a mild contrast to a rise in the Conference Board's measure earlier this week, the Michigan reading is consistent with steady, moderate spirits. Strong job growth and rising earnings growth, as posted in this morning's employment report, may raise talk of improving sentiment ahead.
At the mid-January reading, the University of Michigan's consumer sentiment index increased almost 2 points, rising to 93.4. No doubt, consumers are feeling more optimistic now that gasoline prices have declined from their highs and labor market conditions are decent.
Consumer sentiment Consensus Forecast for Dec 05: 93.4
Range: 89.8 to 94
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Consumer sentiment is mainly affected by inflation and employment conditions. However, consumers are also impacted by current events such as bear & bull markets, geopolitical events such as war and terrorist attacks. Investors monitor consumer sentiment because it tends to have an impact on consumer spending over the long run (although not necessarily on a monthly basis.) |
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