The Consumer Confidence Index (CCI) for this month (January 2013) 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 66.7 (revised)