University of Michigan Consumer Sentiment Index

http://www.sca.isr.umich.edu/The University of Michigan Consumer Sentiment Index, a monthly report issued by the University of Michigan, measures consumer confidence. The index is normalized to have a value of 100 in December, 1964. The index seeks to measure the level of optimism/pessimism in the consumer’s mind and seeks to forecast the economic expectations and the future spending behavior of the consumer. It measures three broad topics: “How consumers view prospects for their own financial situation”, “How they view prospects for the general economy over the near term”, and “Their view of prospects for the economy over the long term.”

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