Consumer Confidence Index (CCI) for January 2022

The Consumer Confidence Index® (CCI) for this month (January 2022) was released by The Conference Board® this morning:

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Predicted: 111.0

• Actual: 113.8

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Previous Month (revised): 115.2

• Change from Previous Month: -1.215% (-1.4 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 moderated in January, following gains in the final three months of 2021,' said Lynn Franco, Senior Director of Economic Indicators at The Conference Board. 'The Present Situation Index improved, suggesting the economy entered the new year on solid footing. However, expectations about short-term growth prospects weakened, pointing to a likely moderation in growth during the first quarter of 2022. Nevertheless, the proportion of consumers planning to  purchase homes, automobiles, and major appliances over the next six months all increased.' 'Meanwhile, concerns about inflation declined for the second straight month, but remain elevated after hitting a 13-year high in November 2021. Concerns about the pandemic increased slightly, amid the ongoing Omicron surge. Looking ahead, both confidence and consumer spending may continue to be challenged by rising prices and the ongoing pandemic.'..."

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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Consumer Confidence Index (CCI)
January 2022 Update

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• Click here to view the full Conference Board report.
    

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