Michigan Consumer Sentiment Index (MCSI)

The Michigan Consumer Sentiment Index (MCSI) is a monthly survey of consumer attitudes and expectations in the U.S. state of Michigan. It is conducted by the University of Michigan's Survey Research Center and has been published since 1952. The index is based on a random sample of 500 Michigan residents and is designed to measure how consumers feel about their personal finances, the economy, and the future.

The MCSI is a leading indicator of economic activity and is often used by economists to forecast future economic growth. The index is also used by businesses to make decisions about hiring, investment, and pricing.

The MCSI is composed of five sub-indexes:

* Current Economic Conditions
* Expectations for the Next 12 Months
* Expectations for the Next 5 Years
* Buying Conditions
* Savings and Investment

The Current Economic Conditions sub-index measures how consumers feel about their current financial situation. The Expectations for the Next 12 Months sub-index measures how consumers feel about the economy over the next 12 months. The Expectations for the Next 5 Years sub-index measures how consumers feel about the economy over the next 5 years. The Buying Conditions sub-index measures how consumers feel about the current state of the housing market and the auto market. The Savings and Investment sub-index measures how consumers feel about their savings and investment plans.

The MCSI is a valuable tool for understanding consumer sentiment and expectations. It is a leading indicator of economic activity and is often used by economists to forecast future economic growth. The index is also used by businesses to make decisions about hiring, investment, and pricing.