Consumer Confidence Index (CCI) for September 2021
The Consumer Confidence Index® (CCI) for this month (September 2021) was released by The Conference Board® this morning:
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Predicted: 110.0
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Previous Month (revised): 115.2
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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:
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.
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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Predicted: 110.0
- Actual: 109.3
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Previous Month (revised): 115.2
- Change from Previous Month: -5.122% (-5.9 points)
The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.
From Today's Report:
"...'Consumer confidence dropped in September as the spread of the Delta variant continued to dampen optimism,' said Lynn Franco, Senior Director of Economic Indicators at The Conference Board. 'Concerns about the state of the economy and short-term growth prospects deepened, while spending intentions for homes, autos, and major appliances all retreated again. Short-term inflation concerns eased somewhat, but remain elevated. Consumer confidence is still high by historical levels -- enough to support further growth in the near-term -- but the Index has now fallen 19.6 points from the recent peak of 128.9 reached in June. These back-to-back declines suggest consumers have grown more cautious and are likely to curtail spending going forward.'..."
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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Labels: cci, Conference_Board, consumer_confidence, consumers, Coronavirus, COVID-19, COVID19, Pandemic, soft_data, The_Conference_Board
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posted by Steve Brown | 9/28/2021 05:37:00 PM
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