Michigan Consumer Sentiment demonstrates how US consumers estimate the relative level of current and future economic conditions. It is calculated monthly based on a telephone survey of at least 500 US households. The questionnaire features about 50 questions, including questions about consumer intentions to make large purchases, about changes in real and nominal incomes.
Specialists analyze Michigan Indexes 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 Sentiment" 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.