University of Michigan Consumer Sentiment Index - Objectives

Objectives

The Index was created and still is published with the following objectives:

  • To assess near-time consumer attitudes on the business climate, personal finance, and spending;
  • To promote an understanding of, and to forecast changes in, the national economy;
  • To provide a means of incorporating empirical measures of consumer expectations into models of spending and saving behavior;
  • To gauge the economic expectations and probable future spending behavior of the consumer; and
  • To judge the consumer's level of optimism/pessimism.

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