consumer sentiment index

Definition

An index which measures consumers' attitudes towards the economy. The index was normalized to the value of 100 in 1964. The index surveys people on their feelings about their individual financial situation, and the overall economy's situation in the present and in the future. This index is published monthly by the University of Michigan.

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You should always try and follow the consumer sentiment index so you know where your company stands in their minds.

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The figures on the consumer sentiment index were finally looking up, and our company was well poised to take full advantage of that in the coming year.

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A group of economists had all forecast that the recession was coming to an end, but the fall in the consumer sentiment index made them reevaluate their position.

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consumer confidence index University of Michigan Survey of Consumers