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La información proporcionada en EL7.AI es solo con fines educativos e informativos y no constituye asesoramiento financiero.
The University of Michigan's Consumer Sentiment Index is a monthly survey that gauges consumer attitudes toward the economy, personal finances, and buying conditions. It also includes closely watched data on inflation expectations. As a leading indicator of consumer behavior, it helps analysts predict shifts in the business cycle and retail demand.
Conducted via telephone surveys of at least 500 households. The index is calculated by subtracting the percentage of unfavorable replies from the percentage of favorable replies for five core questions.
The Michigan Consumer Sentiment index hit 55.5, exactly matching forecasts but falling below the previous 56.6. This figure reflects a continued decline in consumer morale, marking the second consecutive decrease.
No sustained trend detected for Michigan Consumer Sentiment (Feb). Forecast accuracy is 73% over 23 readings. The release is expected near the consensus forecast of 57.3.