The Consumer Confidence Index (CCI) for this month (May, 2007) was released by The Conference Board this morning:
The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.
Every month, The Conference Board sends a questionnaire to 5,000 U.S. households. Survey participants are polled about their feeling regarding the current U.S. economy, the future of the U.S. economy, and about their own fiscal circumstances. On average, 3,500 participants complete and return the 5-question survey.
The baseline "100" score for the CCI is linked to 1985 survey data.
When consumers feel good about the economy, they tend to do more spending, and vice versa.
Based in New York City, The Conference Board is a private, not-for-profit organization with a mission to, "create and disseminate knowledge about management and the marketplace to help businesses strengthen their performance and better serve society."
The CCI is almost always released on the last Tuesday of the month.
Last month, the CCI was 104.
Labels: 2007, cci, consumer_confidence, may