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DEFINITION of 'Michigan Consumer Sentiment Index - MCSI'
A survey of consumer confidence conducted by the University of Michigan. The Michigan Consumer Sentiment Index (MCSI) uses telephone surveys to gather information on consumer expectations regarding the overall economy.
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BREAKING DOWN 'Michigan Consumer Sentiment Index - MCSI'
The preliminary report, which includes about 60% of total survey results, is released around the 10th of each month. A final report for the prior month is released on the first of the month. The index is becoming more and more useful for investors because it gives a snapshot of whether consumers feel like spending money.
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What's the difference between consumer confidence and consumer sentiment?
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