Consumer Confidence Index (CCI) for February 2022

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

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

Predicted: 109.0

• Actual: 110.5

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

Previous Month (revised): 111.1

• Change from Previous Month: -0.54% (-0.6 point)
  

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

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

From Today's Report:

"...'Concerns about inflation rose again in February, after posting back-to-back declines. Despite this reversal, consumers remain relatively confident about short-term growth prospects. While they do not expect the economy to pick up steam in the near future, they also do not foresee conditions worsening. Nevertheless, confidence and consumer spending will continue to face headwinds from rising prices in the coming months.'..."

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.

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

Consumer Confidence Index (CCI)
February 2022 Update

 ================

• Click here to view the full Conference Board report.
    

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

--> www.FedPrimeRate.com Privacy Policy <-- >  SITEMAP  <