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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 12/7/07 For Dec 2007 | ||||||||
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The Reuter's/University of Michigan's Consumer sentiment index fell to 76.1 for November's final reading from 80.9 for October. Consumer sentiment has been rattled by high gasoline prices, rising adjustable mortgage rates, uncertain stock markets, and slow job growth. But inflation expectations have not been lifted further as one-year inflation expectations showed no new pressures from mid-month, at 3.4 percent vs. October's 3.1 percent.
Consumer sentiment Consensus Forecast for preliminary December 07: 76.0
Range: 70.0 to 77.0
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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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