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Economy

Economic Data (USA)

Tuesday, January 31, 2017

Consumer Confidence Index (CCI) for January 2017

The Consumer Confidence Index® (CCI) for this month (January 2017) was released by The Conference Board® this morning:

Predicted: 112.2
Actual: 111.8

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

From Today's Report:

"...'Consumer confidence decreased in January, after reaching a 15-year high in December (August 2001 = 114.0),' said Lynn Franco, Director of Economic Indicators at The Conference Board. 'The decline in confidence was driven solely by a less optimistic outlook for business conditions, jobs, and especially consumers’ income prospects. Consumers’ assessment of current conditions, on the other hand, improved in January. Despite the retreat in confidence, consumers remain confident that the economy will continue to expand in the coming months'..."

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 113.3 (revised.)


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