Consumer Confidence Index (CCI) for December 2016
The Consumer Confidence Index® (CCI) for this month (December 2016) was released by The Conference Board® this morning:
Predicted: 108.5
Actual: 113.7
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 109.4 (revised.)
Predicted: 108.5
Actual: 113.7
The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.
From Today's Report:
"...'Consumer Confidence improved further in December, due solely to increasing Expectations which hit a 13-year high (Dec. 2003, 107.4),' said Lynn Franco, Director of Economic Indicators at The Conference Board. 'The post-election surge in optimism for the economy, jobs and income prospects, as well as for stock prices which reached a 13-year high, was most pronounced among older consumers. Consumers’ assessment of current conditions, which declined, still suggests that economic growth continued through the final months of 2016. Looking ahead to 2017, consumers’ continued optimism will depend on whether or not their expectations are realized.'..."
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 109.4 (revised.)
Labels: cci, consumer_confidence
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posted by Steve Brown | 12/27/2016 02:30:00 PM
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