Source | |
Measures | Level of a composite index based on surveyed consumers; |
Usual Effect | 'Actual' greater than 'Forecast' is good for currency; |
Frequency | Released monthly, usually on the last Friday of the current month; |
Next Release | |
FF Notes | The 'Previous' listed is the 'Actual' from the Preliminary release and therefore the 'History' data will appear unconnected. There are 2 versions of this data released about 15 days apart – Preliminary and Revised. The Preliminary release is the earliest and thus tends to have more impact; |
Why Traders Care | Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity; |
Derived Via | Survey of about 500 consumers which asks respondents to rate the relative level of current and future economic conditions; |
Acro Expand | University of Michigan (UoM); |