Consumer Confidence Index (CCI) for September 2016
The Consumer Confidence Index® (CCI) for this month (September 2016) was released by The Conference Board® this morning:
Predicted: 98.8
Actual: 104.1
The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.
From Today's Report:
Every month, The Conference Board sends a questionnaire to 5,000 U.S. households. Survey participants are polled about their feelings regarding the U.S. economy, current and future, 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 associated with 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 usually released on the last Tuesday of the month.
Last month, the CCI was 101.8 (revised.)
Click here to view the full Conference Board report.
Predicted: 98.8
Actual: 104.1
The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.
From Today's Report:
"...'Consumer confidence increased in September for a second consecutive month and is now at its highest level since the recession,' said Lynn Franco, Director of Economic Indicators at The Conference Board. 'Consumers’ assessment of present-day conditions improved, primarily the result of a more positive view of the labor market. Looking ahead, consumers are more upbeat about the short-term employment outlook, but somewhat neutral about business conditions and income prospects. Overall, consumers continue to rate current conditions favorably and foresee moderate economic expansion in the months ahead.'..."
Every month, The Conference Board sends a questionnaire to 5,000 U.S. households. Survey participants are polled about their feelings regarding the U.S. economy, current and future, 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 associated with 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 usually released on the last Tuesday of the month.
Last month, the CCI was 101.8 (revised.)
Click here to view the full Conference Board report.
Labels: consumer_confidence
|
--> www.FedPrimeRate.com Privacy Policy <--
> SITEMAP < |
posted by Steve Brown | 9/27/2016 11:30:00 AM
<< Home