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How Useful Are Consumer Surveys as Macroeconomic Indicators?, No. 10-07

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How Useful Are Consumer Surveys as Macroeconomic Indicators?, No. 10-07

DATE: July 2010

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ABSTRACT: Most economic indicators attempt to summarize what happened at a particular time in the past. Consumer surveys, however, examine attitudes and are thus fundamentally different from other widely reported indicators. Some surveys, such as those that measure inflation expectations, have proven to be useful to economists and policymakers, while the evidence is more mixed for others, such as forecasts of consumer spending.

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Webb, Roy H. and Federal Reserve Bank of Richmond. "How Useful Are Consumer Surveys as Macroeconomic Indicators?, No. 10-07," Economic Brief (July 2010). https://fraser.stlouisfed.org/title/6034/item/583878, accessed on August 11, 2022.

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