Nowcasting the Surveys of Consumers
Economic Intelligence
Morning Consult’s daily Index of Consumer Sentiment (ICS) can be used to track and predict in real-time the similar monthly index from the University of Michigan’s Surveys of Consumers.

Morning Consult’s model captures the sample differences between the two surveys:
  • Our model produces a daily estimate of the University of Michigan Consumer Sentiment Index and accurately nowcasts both the preliminary and final releases of that index.
  • For users of both Morning Consult’s and the University of Michigan’s indexes, it provides an unparalleled real-time read on the health of the U.S. consumer.
  • This model helps us better understand how to relate the indexes to each other and explain their timing and sample composition differences.