United States USD

United States Michigan Consumer Sentiment Prel

Impact:
High

Latest Release:

Date:
Surprise:
1.3
| USD
Actual:
53.3
Forecast: 52
Previous/Revision:
51
Period: Dec

Next Release:

Date:
Forecast: 52.7
Period: Jan
What Does It Measure?
The Michigan Consumer Sentiment Index measures consumer attitudes and expectations regarding current and future economic conditions, primarily focusing on personal financial situations, economic outlook, and purchasing intentions. It assesses key components such as consumer confidence, optimistic or pessimistic sentiment, and anticipated inflation, serving as a crucial national indicator of household spending behavior.
Frequency
This report is released monthly, typically on the second Friday of each month, and the figures often include preliminary estimates that may be revised in future releases.
Why Do Traders Care?
Traders closely monitor the Michigan Consumer Sentiment Index as it reflects consumer confidence, which directly influences spending and, ultimately, economic growth. Higher-than-expected readings are usually bullish for equities and the USD, while weaker results may trigger bearish reactions across financial markets.
What Is It Derived From?
The index is derived from a survey of approximately 500 consumers conducted by the University of Michigan, focusing on their perceptions of the economy and their financial circumstances. The survey employs a mix of fixed and diffusion indices to capture sentiment, and respondents are asked to rate their expectations about the economy and their personal finances.
Description
Preliminary reports for the Michigan Consumer Sentiment Index are based on early survey responses and are subject to revision, while final reports provide a more accurate reflection of sentiment. This index is reported using a month-over-month (MoM) comparison to highlight short-term changes in consumer sentiment, which is vital for identifying shifts in economic trends.
Additional Notes
The Michigan Consumer Sentiment Index is considered a leading economic indicator, providing insights into consumer behavior that may influence future economic activity. It correlates with various economic trends, helping to inform decisions by policymakers and businesses while also being a point of comparison with other sentiment-based reports.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for USD, Bullish for Stocks. Lower than expected: Bearish for USD, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
53.3
52
51
1.3
50.3
53.2
53.6
-2.9
55
54.2
55.1
0.8
55.4
58
58.2
-2.6
58.6
62
61.7
-3.4
61.8
61.5
60.7
0.3
60.5
53.5
52.2
7
50.8
53.4
52.2
-2.6
50.8
54.5
57
-3.7
57.9
63.1
64.7
-5.2
67.8
71.1
71.1
-3.3
73.2
73.8
74
-0.6
74
73
71.8
1
73
71
70.5
2
68.9
70.8
70.1
-1.9
69
68
67.9
1
67.8
66.9
66.4
0.9
66
68.5
68.2
-2.5
65.6
72
69.1
-6.4
67.4
76
77.2
-8.6
77.9
79
79.4
-1.1
76.5
76.9
76.9
-0.4
79.6
80
79
-0.4
78.8
70
69.7
8.8
69.4
62
61.3
7.4
60.4
63.7
63.8
-3.3
63
67.2
68.1
-4.2
67.7
69.1
69.5
-1.4
71.2
71
71.6
0.2
72.6
65.5
64.4
7.1
63.9
60
59.2
3.9
57.7
63
63.5
-5.3
63.5
62
62
1.5
63.4
67
67
-3.6
66.4
65
64.9
1.4
64.6
60.5
59.7
4.1
59.1
56.9
56.8
2.2
54.7
59.5
59.9
-4.8
59.8
59
58.6
0.8
59.5
60
58.2
-0.5
55.1
52.5
51.5
2.6
51.1
49.9
50
1.2
50.2
58
58.4
-7.8
59.1
64
65.2
-4.9
65.7
59
59.4
6.7
59.7
61.4
62.8
-1.7
61.7
67.5
67.2
-5.8
68.8
70
70.6
-1.2
70.4
67.1
67.4
3.3
66.8
72.4
71.7
-5.6
71.4
73.1
72.8
-1.7
71
72
70.3
-1
70.2
81.2
81.2
-11
80.8
86.5
85.5
-5.7
86.4
84
82.9
2.4
82.8
90.4
88.3
-7.6
86.5
89.6
84.9
-3.1
83
78.5
76.8
4.5
76.2
80.8
79
-4.6
79.2
80
80.7
-0.8
81.4
76.5
76.9
4.9
77
82
81.8
-5
81.2
80.5
80.4
0.7
78.9
75
74.1
3.9
72.8
72
72.5
0.8
73.2
79
78.1
-5.8
78.9
75
72.3
3.9
73.7
68
71.8
5.7
71
75
89.1
-4
95.9
95
101
0.9
100.9
99.5
99.8
1.4
99.1
99.3
99.3
-0.2
99.2
97
96.8
2.2
95.7
95.9
95.5
-0.2
96
92
93.2
4
92
90.9
89.8
1.1
92.1
97.2
98.4
-5.1
98.4
98.5
98.2
-0.1
97.9
98
100
-0.1
102.4
97.5
97.2
4.9
96.9
98
98.4
-1.1
97.8
95.3
93.8
2.5
95.5
95.5
91.2
90.7
97
98.3
-6.3
97.5
97
97.5
0.5
98.3
98
98.6
0.3
99
100.4
100.1
-1.4
100.8
96.7
96.2
4.1
95.3
98
97.9
-2.7
97.1
98.2
98.2
-1.1
99.3
98.5
98
0.8
98.8
98.5
98.8
0.3
97.8
100.5
101.4
-2.7
102
101.9
99.7
0.1
99.9
99
95.7
0.9
94.4
95
95.9
-0.6
96.8
97.1
98.5
-0.3
97.8
98
100.7
-0.2
101.1
100.9
101.1
0.2
95.3
95.1
96.8
0.2
97.6
94
93.4
3.6
93.1
95
95.1
-1.9
94.5
97
97.1
-2.5
97.7
97
97
0.7
98
96.5
96.9
1.5
97.6
97
96.3
0.6
95.7
97.9
98.5
-2.2
98.1
98.5
98.2
-0.4
98
94.5
93.8
3.5
91.6
87.5
87.2
4.1
87.9
91.9
91.2
-4
89.8
90.8
89.8
-1
90.4
91.5
90
-1.1
89.5
93.5
93.5
-4
94.3
94
94.7
0.3
95.8
91
89
4.8
89.7
92
91
-2.3
90
92.2
91.7
-2.2
90.7
92
92
-1.3
93.3
93
92.6
0.3
91.8
92
91.3
-0.2
93.1
91.5
90
1.6
92.1
89
87.2
3.1
85.7
91.2
91.9
-5.5
92.9
93.5
93.1
-0.6
93.3
96.4
96.1
-3.1
94.6
91.5
90.7
3.1
88.6
96
95.9
-7.4
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