{
    "name": [
        {
            "role": "creator",
            "namePart": [
                "Brave, Scott Anthony"
            ],
            "recordInfo": {
                "recordIdentifier": [
                    "8382"
                ]
            }
        },
        {
            "role": "creator",
            "namePart": [
                "Henken, Benjamin"
            ],
            "recordInfo": {
                "recordIdentifier": [
                    "25548"
                ]
            }
        },
        {
            "role": "creator",
            "namePart": [
                "Jolley, Katherine"
            ],
            "recordInfo": {
                "recordIdentifier": [
                    "26019"
                ]
            }
        }
    ],
    "abstract": [
        "<p>Surveys summarizing consumer sentiment (or confidence) have a long tradition in economics. In the U.S., the University of Michigan\u2019s Surveys of Consumers and the Conference Board\u2019s Consumer Confidence Survey represent two prominent surveys of this nature, with histories that extend back more than 40 years. In this Chicago Fed Letter, we take a closer look at the link between these traditional measures of consumer sentiment and consumer spending. In doing so, we show how related daily measures of consumer sentiment can be used to correct for potential biases in the University of Michigan\u2019s Index of Consumer Sentiment and construct a composite index\u2014called the Composite Consumer Sentiment Index, or C-CSI\u2014that correlates more closely with consumer spending.<\/p>"
    ],
    "language": [
        "eng"
    ],
    "titleInfo": [
        {
            "title": "Reassessing the Relationship Between Consumer Sentiment and Spending with a New Composite Index",
            "titlePartNumber": "No. 521"
        }
    ],
    "identifier": [
        {
            "$": "https:\/\/doi.org\/10.21033\/cfl-2026-521",
            "@type": "doi"
        }
    ],
    "originInfo": {
        "issuance": "periodical",
        "sortDate": "2026-06-04",
        "dateIssued": "June 4, 2026"
    },
    "recordInfo": {
        "recordIdentifier": [
            730210
        ],
        "recordUpdatedDate": "2026-06-24 12:50:01",
        "recordCreationDate": "2026-06-04 11:15:49",
        "recordType": "item"
    },
    "physicalDescription": {
        "form": "electronic",
        "extent": "3 files",
        "digitalOrigin": "born digital",
        "internetMediaType": [
            "application\/pdf",
            "application\/vnd.openxmlformats-officedocument.spreadsheetml.sheet"
        ]
    },
    "location": {
        "url": [
            "https:\/\/fraser.stlouisfed.org\/title\/chicago-fed-letter-5287\/reassessing-relationship-consumer-sentiment-spending-a-new-composite-index-730210"
        ],
        "iiif_manifest_url": [
            "https:\/\/iiif.slf.digirati.io\/presentation\/item\/730210"
        ],
        "apiUrl": [
            "https:\/\/fraser.stlouisfed.org\/api\/item\/730210"
        ],
        "pdfUrl": [
            "https:\/\/fraser.stlouisfed.org\/docs\/historical\/frbchi\/fedletter\/frbchi_fedletter_2026_521.pdf",
            "https:\/\/fraser.stlouisfed.org\/docs\/historical\/frbchi\/fedletter\/frbchi_fedletter_2026_521_appendix.pdf",
            "https:\/\/fraser.stlouisfed.org\/docs\/historical\/frbchi\/fedletter\/frbchi_fedletter_2026_521_data.xlsx"
        ],
        "textUrl": [
            "https:\/\/fraser.stlouisfed.org\/files\/text\/historical\/frbchi\/fedletter\/frbchi_fedletter_2026_521.txt",
            "https:\/\/fraser.stlouisfed.org\/files\/text\/historical\/frbchi\/fedletter\/frbchi_fedletter_2026_521_appendix.txt",
            "https:\/\/fraser.stlouisfed.org\/files\/text\/historical\/frbchi\/fedletter\/frbchi_fedletter_2026_521_data.xlsx"
        ]
    },
    "relatedItem": [
        {
            "@type": "parent",
            "recordInfo": {
                "recordIdentifier": [
                    "5287"
                ]
            },
            "titleInfo": [
                {
                    "title": "Chicago Fed Letter"
                }
            ],
            "name": [
                {
                    "role": "creator",
                    "namePart": [
                        "Federal Reserve Bank of Chicago. Research Department"
                    ],
                    "recordInfo": {
                        "recordIdentifier": [
                            "8444"
                        ]
                    }
                },
                {
                    "role": "contributor",
                    "namePart": [
                        "Federal Reserve Bank of Chicago"
                    ],
                    "recordInfo": {
                        "recordIdentifier": [
                            "516"
                        ]
                    }
                }
            ]
        }
    ],
    "accessCondition": "For more information on rights relating to this item, please see: https:\/\/fraser.stlouisfed.org\/title\/chicago-fed-letter-5287\/reassessing-relationship-consumer-sentiment-spending-a-new-composite-index-730210"
}