Previous : 74.5
Forecast : 75.0

Definition : Michigan consumer sentiments index a survey of consumer confidence conducted by the University of Michigan. The preliminary report is released on the tenth (except on weekends) of each month. A final report for the prior month is released on the first of the month.

The index is becoming more and more useful for investors. It gives a snapshot of whether or not consumers feel like spending money.
Why is it useful?Michigan Consumer sentiment index influence currency market in a high degree, because it makes an obvious changes on that market, so the improvement which appears on any of this index components will create increasing in production quantity, then achieves the economic growth level that any country looking forward to reach in target to enhance and strengthening the local currency

But the growing occurred on the entire economy may cause raising inflation level, which starts limiting and reducing the realized economic utilization percentage. As a result the government set a suitable and different monetary polices in order to meet and handling bad current situation.

The effect of this index at stock market exchange has the same importance level, and influences the market highly and considerably specially industrial companies, because the large improvements that occurred on its production capacity.