.comment-link {margin-left:.6em;}

Economy

Economic Data (USA)

Tuesday, July 27, 2021

Consumer Confidence Index (CCI) for July 2021

The Consumer Confidence Index® (CCI) for this month (July 2021) was released by The Conference Board® this morning:

================

Predicted: 125.0
  • Actual: 129.1

================

Previous Month (revised): 128.9

  • Change from Previous Month: +0.1552% (+0.2 point)
================

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

From Today's Report:

"...'Consumer confidence was flat in July but remains at its highest level since February 2020 (132.6),' said Lynn Franco, Senior Director of Economic Indicators at The Conference Board. 'Consumers’ appraisal of present-day conditions held steady, suggesting economic growth in Q3 is off to a strong start. Consumers’ optimism about the short-term outlook didn’t waver, and they continued to expect that business conditions, jobs, and personal financial prospects will improve. Short-term inflation expectations eased slightly but remained elevated. Spending intentions picked up in July, with a larger percentage of consumers saying they planned to purchase homes, automobiles, and major appliances in the coming months. Thus, consumer spending should continue to support robust economic growth in the second half of 2021.'..."

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.

================

================

Labels: , , , , , , , , ,


>  SITEMAP  <

0 Comments:

Post a Comment

<< Home


www.FedPrimeRate.com
Entire Website © 2021 FedPrimeRate.comSM


This website is neither affiliated nor associated with The United States Federal Reserve in any way.
Information in this website is provided for educational purposes only. The owners of this website
make no warranties with respect to any and all content contained within this website. Consult a
financial professional before making important decisions related to any investment or loan
product, including, but not limited to, business loans, personal loans, education loans, first
or second mortgages, credit cards, car loans or any type of insurance.