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JH

Joanne Hsu

Analyst

Joanne Hsu is the Director of the University of Michigan's Surveys of Consumers, one of the most closely watched economic indicators in the world. The monthly Consumer Sentiment Index she oversees is a critical input for advertisers, media buyers, and brand strategists seeking to understand consumer confidence and spending intentions — data that directly shapes advertising budgets, campaign timing, and market positioning across the industry. Hsu took over leadership of the Surveys of Consumers program following the retirement of longtime director Richard Curtin, bringing her background in consumer economics and behavioral research to one of the most high-profile economic measurement roles in the United States. Her work involves designing and interpreting survey methodology that captures how American households feel about their personal finances, business conditions, and buying conditions — all of which are foundational signals for advertising and media investment decisions. While Hsu's primary domain is consumer economics rather than AdTech infrastructure per se, her influence on the advertising industry is substantial: the sentiment data she produces is routinely cited by major holding companies, media agencies, and brand marketers when forecasting ad spend, adjusting media mix models, and communicating market conditions to investors. Her regular media appearances and published reports make her a key voice in understanding the macroeconomic environment that shapes advertising demand.

Last updated Jun 24, 2026 by ATDb automated enrichment

Role
Director, Surveys of Consumers
Company
University of Michigan
Based
Ann Arbor, Michigan, United States
Years in industry
10 years

Bio

Joanne Hsu is the Director of the University of Michigan's Surveys of Consumers, one of the most closely watched economic indicators in the world. The monthly Consumer Sentiment Index she oversees is a critical input for advertisers, media buyers, and brand strategists seeking to understand consumer confidence and spending intentions — data that directly shapes advertising budgets, campaign timing, and market positioning across the industry. Hsu took over leadership of the Surveys of Consumers program following the retirement of longtime director Richard Curtin, bringing her background in consumer economics and behavioral research to one of the most high-profile economic measurement roles in the United States. Her work involves designing and interpreting survey methodology that captures how American households feel about their personal finances, business conditions, and buying conditions — all of which are foundational signals for advertising and media investment decisions. While Hsu's primary domain is consumer economics rather than AdTech infrastructure per se, her influence on the advertising industry is substantial: the sentiment data she produces is routinely cited by major holding companies, media agencies, and brand marketers when forecasting ad spend, adjusting media mix models, and communicating market conditions to investors. Her regular media appearances and published reports make her a key voice in understanding the macroeconomic environment that shapes advertising demand.

Career

  • Research Scientist / Associate Director

    University of Michigan Surveys of Consumers · 2015-2022

  • Economist

    Federal Reserve Board · 2010-2015

Expertise & education

Expertise

Consumer Sentiment AnalysisEconomic IndicatorsSurvey MethodologyConsumer Spending ForecastingMedia and Advertising Budget ForecastingBehavioral EconomicsMacroeconomic ResearchInflation Expectations

Education

  • Ph.D., Economics, University of Michigan
  • B.A., Economics, University of California, Berkeley

Speaking topics

Consumer Confidence and Economic OutlookInflation Expectations and Consumer BehaviorSurvey Methodology in Economic ResearchConsumer Spending Trends and Advertising Implications

Recognition

Notable achievements

  • Appointed Director of the University of Michigan Surveys of Consumers, succeeding Richard Curtin after his 40+ year tenure
  • Oversees monthly release of the Consumer Sentiment Index, one of the most market-moving economic indicators in the United States
  • Regular contributor to major financial and business media including Reuters, Bloomberg, and The Wall Street Journal

Publications

  • Monthly University of Michigan Surveys of Consumers Reports
  • Various working papers on consumer expectations and inflation at the Federal Reserve Board