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University of Michigan Consumer Confidence Index

Definition: This is a measure of consumer confidence conducted by the University of Michigan.

Description: The University of Michigan Consumer Confidence Index reflects a monthly telephone survey of 500 or so US households. The survey consists of two components: sentiment (40% of the index) and expectations (60%). Participants are asked about the current economic climate, where they think the economy as a whole is heading, and what they think about their personal financial situation.

Influence: An increase in the index is a positive sign for economic growth, whereas a decrease indicates a possible slowdown. The USD may advance on a positive reading.

Market Impact: Medium

Released: Twice a month: a preliminary report is released around the 15th, and the final one is released two weeks later at 14:45 GMT

Source: The University of Michigan (USA)

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