Consumer Sentiment Survey
Chart of the Week for November 20, 2015 - November 26, 2015
The University of Michigan Consumer Research Center conducts a monthly telephone survey of 500 consumers. Consumers are asked questions about personal finances, business conditions, and current "buying plans" as well as future expectations. The final index value is weighted 60% on expectations and 40% on current conditions. There are two releases each month, the preliminary release is based on approximately 60% of the monthly sample and the final release is based on the full sample. The chart above is based on the preliminary releases of each month for the last two years.
Consumers have access to a wealth of economic information (such as GDP, Employment, Interest Rates) as well as what they know about their own personal financial situations. For the two year period noted on the chart above, consumers have been generally optimistic in their survey responses. The November 2015 survey report was the first time in 2015 with two consecutive months of positive increases. Lower gasoline prices, generally lower unemployment, and the stock market recovery from the August volatility are among the factors that have consumers feeling better about their economic circumstances heading into the 2015 holiday season.
Posted by: sarah_oz@yahoo.com
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