Question

For the consumer confidence by Michigan metrics (index of consumer sentiment, current economic conditions, and index of consumer expectations)

Can you please provide the metrics for January 2018 to February 2019 ?

Answer 1

Consumer's confidence index is an economic indicator published by The conference board to measure the confidence of the consumer.Consumers confidence in the US economy is measured in terms of their savings and spending.

Consumer's sentiment is an economic indicator which measures the health of the US economy based on the opinion of the consumer.The economy's GDP gets affected by the spending of the consumer.The consumers sentiment is calculated each month based on household surveys and taking the consumers opinion on the current economic conditions and future expectations of the economy.The consumers sentiment index during the period Jan 2018 to Feb 2019 was as follows-,Jan-99,Feb-99.7,Mar-101.4,april-98.8,may-98,june-98.2,july-97.9,august -96.2,september-101.1,october-98.6,nov-97.5,dec-98.3,jan-91.2,feb 2019-93.8.

Current economic conditions-A country's economic conditions get influenced by several microeconomic and macroeconomic factors. Economic data are released weekly ,monthly or quarterly.Several economic indicators are GDP, unemployment,inflation etc are measured.The index of current economic conditions generally focus on consumers opinion of the present situation.US current economic condition index in Feb 2019 is 108.50. In Jan 2019 it was 108.80.In Jan 2018, it was 114.90. So month to month change was-0.3per cent and year to year change was-5.6 per cent.

The consumers expectation index is based on the short term outlook of consumers for income,on business and on the conditions of labor market. In Feb 2018 it was 90.0.In jan 2019 it was 79.4 and in feb 2019 it increased to 84.4.So month to month ,there was a change of +5.6% and year to year there was a change of -6.2%.