University of Michigan Consumer Confidence Index is the survey of consumers' confidence in the current economic situation. The survey is conducted by the University of Michigan USA. It analyzes the desire of consumers to spend their money. The index is a leading indicator of consumer sentiment.
It has a limited impact on the market. Growth of the index leads to the growth of the dollar.
- Release Frequency: twice a month.
- Release Schedule: 10:00 EST, the second week of the month (preliminary) and in two weeks (final).
- Source: University of Michigan.