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2009 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 3/4/05 For Feb 2005 | ||||||||||
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Highlights
The University of Michigan's final reading on February consumer sentiment index was little changed from its mid-month level, at 94.1 vs. 94.2.
But the index is down compared to January's 95.5 reading. The decline isn't great but contrasts with mostly strong economic data in the month. Note that the Conference Board's consumer confidence report for the month, released last week, showed less weakness.
Perhaps high gas prices and years of a weak jobs market continue to pressure sentiment. The reading shouldn't have an impact on Friday's financial markets, which are still digesting the morning's employment report.
The University of Michigan's consumer sentiment index edged down to 94.2 at the mid-February reading from January's level of 95.5 and December's level of 97.1. This index has not increased as much as the Conference Board's index in the past few months.
Consumer sentiment Consensus Forecast for Feb 05: 94.2
Range: 93.5 to 94.7
![[Chart]](chart.gif)
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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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