#USConsumerConfidence

is a measure of American consumer confidence in the economy, personal financial conditions, business conditions, and purchasing conditions. This index is calculated based on the results of the Michigan Consumer Sentiment Index, a monthly survey of consumer confidence conducted by the University of Michigan.

It is commonly used to assess the economic situation and predict future consumer trends. When this index increases, it typically indicates that consumers have higher confidence in the economic situation and are likely to spend more. Conversely, when this index decreases, it may suggest that consumers have lower confidence and are likely to spend less.