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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 6/30/06 For Jun 2006 | ||||||||||||
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Highlights
The University of Michigan's consumer sentiment index is on the rise, at 84.9 in the final June reading vs. 82.4 at mid-month and 79.1 in May. Consumers appear to be adjusting to high energy prices, in perhaps a developing wild card for the second-half outlook. Tuesday's consumer confidence report from the Conference Board also showed improvement along with easing inflation expectations. Markets showed no initial reaction to the report.
The University of Michigan's consumer sentiment index edged up to 82.4 in the first two weeks of June from the very low 79.1 reading in May that was hit hard by gas prices. A big negative in the report is the still very wide separation between current conditions, at 103.1, vs. expectations at 69.2. Low expectations relative to current conditions point to falling overall confidence in the months ahead.
University of Michigan Consumer Sentiment index Forecast for June: 82.5
Range: 80.5 to 83.0
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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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