Forex Dictionary

Prelim UoM Consumer Sentiment

Prelim UoM Consumer Sentiment

Measures Level of a composite index based on surveyed consumers; Usual Effect Actual > Forecast = Good for currency; Frequency Released monthly, around the middle of the current month; FF Notes There are two versions of this data released about 15 days apart – Preliminary and Revised. The Preliminary release is the earliest and thus tends to have the most impact; Why Traders Care Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity; Derived Via Survey of about 500 consumers which asks respondents to rate the relative level of current and future economic conditions; Also Called Reuters/University of Michigan Consumer Sentiment; Acronyms University of Michigan (UoM);