University of Michigan consumer sentiment index
Michigan consumer sentiment index is results of consumer survey concerning the confidence in the current economic situation. The survey is conducted by the employees of the University of Michigan. The report is released twice a month: in the second week (usually on Friday) near the 15th of a reporting month (preliminary) and in two weeks (final). It is published at 10:00 EST (New York). This indicator is nothing more than the reflection of consumers’ desire to spend their money. It has limited influence on the market. The growth of index value leads to the upturn of the US dollar rate.
Go to InstaForexGo to Leave