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Economy

Economic Data (USA)

Tuesday, January 28, 2020

Consumer Confidence Index (CCI) for January 2020

The Consumer Confidence Index® (CCI) for this month (January 2020) was released by The Conference Board® this morning:

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Predicted: 127.8
  • Actual: 131.6

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Previous Month (revised): 128.2
 
  • Change from Previous Month: +2.652% (+3.4 points)
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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 increased in January, following a moderate advance in December, driven primarily by a more positive assessment of the current job market and increased optimism about future job prospects,' said Lynn Franco, Senior Director, Economic Indicators, at The Conference Board. 'Optimism about the labor market should continue to support confidence in the short-term and, as a result, consumers will continue driving growth and prevent the economy from slowing in early 2020.'..."

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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