Consumer Sentiment Released On 6/10/2016 10:00:
Post# of 63828
Posted On: 06/10/2016 8:16:04 AM
Consumer Sentiment
Released On 6/10/2016 10:00:00 AM For Jun(p), 2016
Prior Consensus Consensus Range
Sentiment Index - Level 94.7 94.5 90.5 to 96.9
Recent History Of This Indicator
The consumer sentiment index proved very strong in May, out performing by far other readings on consumer confidence. The sentiment index jumped 5.7 points during month to 94.7 for the best result since June last year and among the very strongest of the whole recovery. Gains in sentiment ultimately reflect confidence in the jobs market. Forecasters, despite the weakness of the May employment report, see the June flash coming in little changed at 94.5.
Definition
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. Preliminary estimates for a month are released at mid-month. Final estimates for a month are released near the end of the month.
Released On 6/10/2016 10:00:00 AM For Jun(p), 2016
Prior Consensus Consensus Range
Sentiment Index - Level 94.7 94.5 90.5 to 96.9
Recent History Of This Indicator
The consumer sentiment index proved very strong in May, out performing by far other readings on consumer confidence. The sentiment index jumped 5.7 points during month to 94.7 for the best result since June last year and among the very strongest of the whole recovery. Gains in sentiment ultimately reflect confidence in the jobs market. Forecasters, despite the weakness of the May employment report, see the June flash coming in little changed at 94.5.
Definition
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. Preliminary estimates for a month are released at mid-month. Final estimates for a month are released near the end of the month.
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