Revised UoM Consumer Sentiment

Source
MeasuresLevel of a composite index based on surveyed consumers;
Usual Effect'Actual' greater than 'Forecast' is good for currency;
FrequencyReleased monthly, usually on the last Friday of the current month;
Next Release
FF NotesThe '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 ViaSurvey of about 500 consumers which asks respondents to rate the relative level of current and future economic conditions;
Acro ExpandUniversity of Michigan (UoM);