The Prelim UoM Consumer Sentiment, often referred to as the University of Michigan Consumer Sentiment Index, is a widely recognized economic indicator that measures the confidence and sentiment of consumers in the United States regarding the state of the economy. It is one of the leading indicators of consumer spending and economic health.

The index is compiled by the University of Michigan’s Survey Research Center and is released on a monthly basis. It is based on a survey of a representative sample of U.S. households and includes questions about consumers’ perceptions of their current financial situation, their expectations for the future, and their views on economic conditions.

The Prelim UoM Consumer Sentiment is typically released in two versions: preliminary (prelim) and final. The preliminary release provides an early estimate of consumer sentiment for the current month, while the final release includes any revisions and additional data for the previous month.

Investors, policymakers, and economists closely monitor the UoM Consumer Sentiment Index because it can provide insights into consumer behavior, such as their willingness to spend and invest. A rising index often indicates increased consumer confidence and is seen as a positive sign for the economy, while a declining index can signal potential economic uncertainty.