Michigan Consumer Expectations demonstrate how US consumers estimate the outlook for real and nominal income for the next 12 months. The index is calculated monthly based on a telephone survey of at least 500 US households.
Specialists analyze Michigan Expectations to evaluate consumer mood, intentions and potential impact on national economy. The index growth may have a positive effect on the US dollar quotes.
The chart of the entire available history of the "University of Michigan United States Consumer Expectations" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.