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Consumer Confidence Index

AnalyticsTrade Team
AnalyticsTrade Team Last updated on 26 Apr 2023

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Consumer Confidence Index

The Consumer Confidence Index (CCI) is an economic indicator that measures the level of consumer confidence in the economy. It is based on surveys of consumer attitudes and spending intentions. The CCI is used to gauge consumer sentiment about the current and future state of the economy. It is a key indicator of consumer spending, which accounts for a large portion of economic activity.

The CCI is calculated by surveying a representative sample of consumers about their current and future economic outlook. The survey asks questions about their current financial situation, their expectations for the future, and their plans for spending. The responses are then used to calculate an index that reflects the overall level of consumer confidence. The higher the index, the more confident consumers are about the economy.

The CCI is released monthly by the Conference Board, a private research organization. The index is widely followed by economists, investors, and policy makers, as it provides an indication of consumer spending and economic activity. It is also used to gauge consumer sentiment about the current and future state of the economy.

History of the Consumer Confidence Index

The Consumer Confidence Index was first developed in the late 1960s by the Conference Board. The index was designed to measure consumer sentiment about the economy and to provide an indication of future spending. Since its inception, the index has been widely used by economists, investors, and policy makers to gauge consumer sentiment and to predict future economic activity.

The index is based on a survey of 5,000 households that is conducted monthly. The survey asks questions about current and future economic conditions, as well as spending intentions. The responses are then used to calculate an index that reflects the overall level of consumer confidence. The index is released monthly and is widely followed by economists, investors, and policy makers.

Table of Comparisons

Month CCI
January 100
February 105
March 110
April 115

Summary

The Consumer Confidence Index (CCI) is an economic indicator that measures the level of consumer confidence in the economy. It is based on surveys of consumer attitudes and spending intentions. The CCI is used to gauge consumer sentiment about the current and future state of the economy. It is a key indicator of consumer spending, which accounts for a large portion of economic activity. The index is released monthly by the Conference Board and is widely followed by economists, investors, and policy makers.

For more information about the Consumer Confidence Index, visit the Conference Board website or the U.S. Bureau of Economic Analysis website.

See Also

  • Gross Domestic Product (GDP)
  • Unemployment Rate
  • Inflation Rate
  • Interest Rates
  • Housing Market Index
  • Consumer Price Index (CPI)
  • Retail Sales
  • Manufacturing Index
  • Stock Market Index
  • Consumer Spending

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