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Economy

Economic Data (USA)

Tuesday, March 26, 2019

Consumer Confidence Index (CCI) for March 2019

The Consumer Confidence Index® (CCI) for this month (March 2019) was released by The Conference Board® this morning:

  • Actual: 124.1

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Previous Month (revised): 131.4
 
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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 March after rebounding in February, with the Present Situation the main driver of this month’s decline,' said Lynn Franco, Senior Director of Economic Indicators at The Conference Board. 'Confidence has been somewhat volatile over the past few months, as consumers have had to weather volatility in the financial markets, a partial government shutdown and a very weak February jobs report. Despite these dynamics, consumers remain confident that the economy will continue expanding in the near term. However, the overall trend in confidence has been softening since last summer, pointing to a moderation in economic growth.'

Consumers’ optimism about the short-term future moderated in March. The percentage of consumers expecting business conditions will improve over the next six months declined from 19.6 percent to 17.7 percent, while those expecting business conditions will worsen remained relatively flat, 9.3 percent versus 9.2 percent last month..
."

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.

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