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Preliminary Consumer Sentiment Index in the US

Country:
USDUnited States
Importance:
★★
Data Trends
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Market Impact of Economic Indicator Releases
To understand the market impact of economic indicator releases, this metric represents the relative price change over a specific period following the release.
Formula: (Close price N minutes after the release - Open price at the time of the release) / Open price at the time of the release
DateRelated Instruments Price Volatility
1 min later5 min later10 min later15 min later30 min later
About Preliminary Consumer Sentiment Index in the US

The preliminary value of the University of Michigan Consumer Sentiment Index is an indicator that measures U.S. consumers' perceptions of the current and future economic conditions. This data is released monthly by the University of Michigan's Survey Research Center and represents initial, preliminary figures.

The index is an important measure of consumer confidence and purchasing intent. A high Consumer Sentiment Index indicates that consumer purchasing intent is strong, which could lead to expanded economic activity. Conversely, a low index suggests that consumer willingness to buy is decreasing, potentially leading to economic stagnation.

This data provides policymakers with a reference for assessing consumer confidence and formulating appropriate economic policies. It also serves as a crucial source of information for businesses and investors to understand consumer trends and forecast economic prospects.

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