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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 11/23/05 For Nov 2005 | ||||||||||
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Highlights
The University of Michigan's consumer sentiment index continues to recover lost ground, at 81.6 in November compared with a mid-month reading of 79.9 and up from 74.2 in October. The easing in gas prices is a big plus for consumer sentiment -- and may help give retailers a needed boost during the holidays. Still, readings are well below pre-hurricane levels of the low to mid-90s. There was no reaction in the financial markets. Next week the Conference Board will release its consumer confidence survey, which is also likely to rebound.
At the mid-November reading, the University of Michigan's consumer sentiment index increased more than five points, rising to 79.9. No doubt, consumers are feeling more optimistic now that gasoline prices have declined from their highs.
Consumer sentiment Consensus Forecast for Nov 05: 80.9
Range: 79.9 to 84
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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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