Mich Sentiment

The University of Michigan Consumer Sentiment Index (also known as Mich Sentiment) is almost identical to the Conference Board Consumer Confidence index. Michigan Consumer Sentiment Index is released twice a month. Preliminary release is scheduled at 10:00 ET on the second Friday of the month, and final release is scheduled at 10:00 ET on the fourth Friday of the month. The same as Conference Board index, the Michigan Consumer Sentiment Index has two sub-indexes which cover expectations and current conditions. The expectations sub-index is used as a component of the Conference Board's Leading Indicators index.

The Michigan Consumer Sentiment Index is considered one of the foremost indicators of US consumer sentiment. The Consumer Sentiment Index has valued for its quick turnarounds. As a rule falling economy is accompanied by declining in consumer confidence levels and falling sentiment index is considered as an early indicator of an economic downturn.