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Economy

Economic Data (USA)

Wednesday, November 01, 2023

Consumer Confidence Index (CCI) for October 2023

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

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

Predicted: 101.0
  • Actual: 102.6

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

Previous Month (revised): 104.3

  • Change from Previous Month: -1.63% (-1.7 points)
================

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

From Today's Report:

"...The Expectations index is still below 80 -- the level that historically signals a recession within the next year. Consumer fears of an impending recession remain elevated, consistent with the short and shallow economic contraction we anticipate for the first half of 2024.

'Consumer confidence fell again in October 2023, marking three consecutive months of decline,' said Dana Peterson, Chief Economist at The Conference Board. 'October’s retreat reflected pullbacks in both the Present Situation and Expectations Index.

Write-in responses showed that consumers continued to be preoccupied with rising prices in general, and for grocery and gasoline prices in particular. Consumers also expressed concerns about the political situation and higher interest rates.

Worries around war / conflicts also rose, amid the recent turmoil in the Middle East. The decline in consumer confidence was evident across householders aged 35 and up, and not limited to any one income group.'..."

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.

================   

CHART: Consumer Confidence Index (CCI) - October 2023 Update
CHART: Consumer Confidence Index (CCI)
October 2023 Update

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


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Wednesday, September 27, 2023

Consumer Confidence Index (CCI) for September 2023

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

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

Predicted: 105.0
  • Actual: 103.0

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

Previous Month (revised): 108.7

  • Change from Previous Month: -5.24% (-5.7 points)
================

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

From Today's Report:

"...'Consumer confidence fell again in September 2023, marking two consecutive months of decline,' said Dana Peterson, Chief Economist at The Conference Board. 'September’s disappointing headline number reflected another decline in the Expectations Index, as the Present Situation Index was little changed. Write-in responses showed that consumers continued to be preoccupied with rising prices in general, and for groceries and gasoline in particular. Consumers also expressed concerns about the political situation and higher interest rates. The decline in consumer confidence was evident across all age groups, and notably among consumers with household incomes of $50,000 or more.'

Peterson added: 'Assessments of the present situation were little changed overall, due to divergent views on the state of business conditions and job availability. Fewer consumers said that business conditions were good, but fewer also said they were bad. Regarding the employment situation, slightly more consumers said that jobs were 'plentiful,' but also slightly more said that jobs were 'hard to get.' When asked about current family financial conditions (a measure not included in calculating the Present Situation Index), the share of respondents citing a ‘good’ situation fell again, and those citing ‘bad’ conditions rose, signaling rising concerns about current family finances.

'Expectations for the next six months tumbled back below the recession threshold of 80, reflecting less confidence about future business conditions, job availability, and incomes. Consumers may be hearing more bad news about corporate earnings, while job openings are narrowing, and interest rates continue to rise -- making big-ticket items more expensive. Expectations for interest rates declined in September after surging in the prior month, but the outlook for stock prices continued to fall. Notably, average 12-month inflation expectations have held steady over the past three months despite ongoing complaints about higher prices. Still, the measure of expected family financial situation, six months hence (not included in the Expectations Index) worsened further.

'The proportion of consumers saying recession is ‘somewhat’ or ‘very likely’ rose in September after dropping in August. The fluctuating soundings likely reflect ongoing uncertainty given mixed buying plans. On a six-month moving average basis, plans to purchase autos were flat but remained at an elevated level, while plans to purchase appliances continued to trend upward. But plans to buy homes -- more in line with rising interest rates -- continued to trend downward.'
..."

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.

================   

CHART: Consumer Confidence Index (CCI) - September 2023 Update

CHART: Consumer Confidence Index (CCI)
September 2023 Update

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

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Wednesday, August 30, 2023

Consumer Confidence Index (CCI) for August 2023

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

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

Predicted: 116.0
  • Actual: 106.1

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

Previous Month (revised): 114.0

  • Change from Previous Month: -6.93% (-7.9 points)
================

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

From Today's Report:

"...The Conference Board Consumer Confidence Index® declined in August to 106.1 (1985=100), from a downwardly revised 114.0 in July. The Present Situation Index -- based on consumers’ assessment of current business and labor market conditions -- fell to 144.8 (1985=100) from 153.0. The Expectations Index -- based on consumers’ short-term outlook for income, business, and labor market conditions -- declined to 80.2 (1985=100) in August, reversing July’s sharp uptick to 88.0. Expectations were a hair above 80 -- the level that historically signals a recession, within the next year. Although consumer fears of an impending recession continued to recede, we still anticipate one is likely before year-end.

'Consumer confidence fell in August 2023, erasing back-to-back increases in June and July,' said Dana Peterson, Chief Economist at The Conference Board. 'August’s disappointing headline number reflected dips in both the current conditions and expectations indexes. Write-in responses showed that consumers were once again preoccupied with rising prices in general, and for groceries and gasoline in particular. The pullback in consumer confidence was evident across all age groups -- and most notable among consumers with household 
incomes of $100,000 or more, as well as those earning less than $50,000. Confidence held relatively steady for consumers with incomes between $50,000 and $99,999.'..."

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.

================   

CHART: Consumer Confidence Index (CCI) - August 2023 Update
CHART: Consumer Confidence Index (CCI)
 August 2023 Update

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


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Tuesday, July 25, 2023

Consumer Confidence Index (CCI) for July 2023

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

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

Predicted: 112.0
  • Actual: 117.0

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

Previous Month (revised): 110.1

  • Change from Previous Month: +6.27% (+6.9 points)
================

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

From Today's Report:

"...The Expectations Index -- based on consumers’ short-term outlook for income, business, and labor market conditions -- improved to 88.3 (1985=100) from 80.0 in June. Importantly, Expectations climbed well above 80 -- the level that historically signals a recession within the next year. Despite rising interest rates, consumers are more upbeat, likely reflecting lower inflation and a tight labor market. Although consumers are less convinced of a recession ahead, we still anticipate one likely before year-end.

'Consumer confidence rose in July 2023 to its highest level since July 2021, reflecting pops in both current conditions and expectations,' said Dana Peterson, Chief Economist at The Conference Board. 'Headline confidence appears to have broken out of the sideways trend that prevailed for much of the last year. Greater confidence was evident across all age groups, and among both consumers earning incomes less than $50,000 and those making more than $100,000.'..."

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.

================   

CHART: Consumer Confidence Index (CCI) - July 2023 Update

CHART: Consumer Confidence Index (CCI)
 July 2023 Update

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

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Wednesday, June 28, 2023

Consumer Confidence Index (CCI) for June 2023

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

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

Predicted: 105.0
  • Actual: 109.7

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

Previous Month (revised): 102.5

  • Change from Previous Month: +7.02% (+7.2 points)
================

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

From Today's Report:

"...'Consumer confidence improved in June to its highest level since January 2022, reflecting improved current conditions and a pop in expectations,' said Dana Peterson, Chief Economist at The Conference Board. 'Greater confidence was most evident among consumers under age 35, and consumers earning incomes over $35,000. Nonetheless, the expectations gauge continued to signal consumers anticipating a recession at some point over the next 6 to 12 months.'

'Assessments of the present situation rose in June on sunnier views of both business and employment conditions. Indeed, the spread between consumers saying jobs are ‘plentiful’ versus ‘not so plentiful’ widened, indicating upbeat feelings about a labor market that continues to outperform. Likewise, expectations for the next six months improved materially, reflecting greater confidence about future business conditions and job availability.'

'While income expectations ticked down slightly in June, new questions included in this month’s release found a notably brighter outlook for consumers’ family finances: Around 30 percent expect their family’s financial situation to be ‘better’ in the next six months, compared to less than 14 percent expecting it to be ‘worse.’ This might reflect consumers’ belief that labor market conditions will remain favorable and that there will be further declines in inflation ahead. Indeed, the 12-month forward inflation expectations gauge fell to 6 percent in June, the lowest reading since December 2020.'

 'Although the Expectations Index remained a hair below the threshold signaling recession ahead, a new measure found considerably fewer consumers now expect a recession in the next 12 months compared to May. Meanwhile, on a six-month moving average basis, plans to purchase autos and homes have slowed, after picking up earlier in 2023. This may reflect rising costs to finance big-ticket items as the Fed continues to raise interest rates. Meanwhile, vacation plans within the next six months continued to flag, led largely by declines in plans to travel domestically. This is an important indicator of desires to spend on services ahead, which may be a signal that post-pandemic ‘revenge spending’ on travel may have peaked and is likely to slow over the rest of this year.'..."

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.

================   

CHART: Consumer Confidence Index (CCI)  - June 2023 Update
CHART: Consumer Confidence Index (CCI)
 June 2023 Update

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

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Tuesday, May 30, 2023

Consumer Confidence Index (CCI) for May 2023

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

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

Predicted: 99.9
  • Actual: 102.3

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

Previous Month (revised): 103.7

  • Change from Previous Month: -1.35% (-1.4 points)
================

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

From Today's Report:

"...'Consumer confidence declined in May as consumers’ view of current conditions became somewhat less upbeat while their expectations remained gloomy,' said Ataman Ozyildirim, Senior Director, Economics at The Conference Board.' Their assessment of current employment conditions saw the most significant deterioration, with the proportion of consumers reporting jobs are ‘plentiful’ falling 4 percentage points from 47.5% in April to 43.5% in May. Consumers also became more downbeat about future business conditions, weighing on the expectations index. However, expectations for jobs and incomes over the next six months held relatively steady. While consumer confidence has fallen across all age and income categories over the past three months, May’s decline reflects a particularly notable worsening in the outlook among consumers over 55 years of age.' 

'Consumers’ inflation expectations remain elevated, but stable. Consumers in May expected inflation to average 6.1% over the next 12 months, essentially unchanged from 6.2% in April, though down substantially from the peak of 7.9% reached last year. Nonetheless, consumers continued to view inflation as a major influence on their view of the US economy. Plans to purchase homes in the next six months held steady in May at around 5.6 percent, but was still notably down from 6 to 7 percent in Q4 2022. Meanwhile, plans to purchase autos and big-ticket appliances ticked up somewhat compared to April.'..."

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.

================   

CHART: Consumer Confidence Index (CCI) - May 2023 Update

CHART: Consumer Confidence Index (CCI)
 May 2023 Update

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

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Wednesday, April 26, 2023

Consumer Confidence Index (CCI) for April 2023

Consumer Confidence Index® (CCI) for this month (April 2023) was released by The Conference Board® this morning:

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

Predicted: 104.0
  • Actual: 101.3

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

Previous Month (revised): 104.0

  • Change from Previous Month: -2.6% (-2.7 points)
================

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

From Today's Report:

"...The Expectations Index, based on consumers’ short-term outlook for income, business, and labor market conditions fell to 68.1 (1985=100) from 74.0. The Expectations Index has now remained below 80 -- the level associated with a recession within the next year -- every month since February 2022, with the exception of a brief uptick in December 2022. The survey was fielded from April 3, about three weeks after the bank failures in the United States, to April 19.

'While consumers’ relatively favorable assessment of the current business environment improved somewhat in April, their expectations fell and remain below the level which often signals a recession looming in the short-term,' said Ataman Ozyildirim, Senior Director, Economics at The Conference Board. 'Consumers became more pessimistic about the outlook for both business conditions and labor markets. Compared to last month, fewer households expect business conditions to improve and more expect worsening of conditions in the next six months. They also expect fewer jobs to be available over the short term. April’s decline in consumer confidence reflects particular deterioration in expectations for consumers under 55 years of age and for households earning $50,000 and over.'

'Meanwhile, April’s results show consumer inflation expectations over the next 12 months remain essentially unchanged from March at 6.2 percent, although that level is down substantially from the peak of 7.9% reached last year, it is still elevated. Overall purchasing plans for homes, autos, appliances, and vacations all pulled back in April, a signal that consumers may be economizing amid growing pessimism.'..."

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.

================   

 CHART: Consumer Confidence Index (CCI)
 April 2023 Update

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


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Wednesday, March 29, 2023

Consumer Confidence Index (CCI) for March 2023

Consumer Confidence Index® (CCI) for this month (March 2023) was released by The Conference Board® this morning:

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

Predicted: 102.0
  • Actual: 104.2

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

Previous Month (revised): 103.4

  • Change from Previous Month: +0.774% (+0.8 points)
================

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

From Today's Report:

"...'Driven by an uptick in expectations, consumer confidence improved somewhat in March, but remains below the average level seen in 2022 (104.5). The gain reflects an improved outlook for consumers under 55 years of age and for households earning $50,000 and over,' said Ataman Ozyildirim, Senior Director, Economics at The Conference Board.

'While consumers feel a bit more confident about what’s ahead, they are slightly less optimistic about the current landscape. The share of consumers saying jobs are ‘plentiful’ fell, while the share of those saying jobs are ‘not so plentiful’ rose. The latest results also reveal that their expectations of inflation over the next 12 months remains elevated -- at 6.3%. Overall purchasing plans for appliances continued to soften while automobile purchases saw a slight increase.'
..."

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.


================  

CHART: Consumer Confidence Index (CCI) March 2023 Update

CHART: Consumer Confidence Index (CCI)
March 2023 Update

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


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Wednesday, December 21, 2022

Consumer Confidence Index (CCI) for December 2022

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

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

Predicted: 105.0
  • Actual: 108.3

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

Previous Month (revised): 101.4

  • Change from Previous Month: +6.8% (+6.9 points)
================

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

From Today's Report:

"...'Consumer confidence bounced back in December, reversing consecutive declines in October and November to reach its highest level since April 2022,' said Lynn Franco, Senior Director of Economic Indicators at The Conference Board. 'The Present Situation and Expectations Indexes improved due to consumers’ more favorable view regarding the economy and jobs.

Inflation expectations retreated in December to their lowest level since September 2021, with recent declines in gas prices a major impetus. Vacation intentions improved but plans to purchase homes and big-ticket appliances cooled further. This shift in consumers’ preference from big-ticket items to services will continue in 2023, as will headwinds from inflation and interest rate hikes.'..."

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.


================  

CHART: Consumer Confidence Index (CCI) - December 2022 Update

CHART: Consumer Confidence Index (CCI)
December 2022 Update

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

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


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Wednesday, November 30, 2022

Consumer Confidence Index (CCI) for November 2022

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

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

Predicted: 100.0
  • Actual: 100.2

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

Previous Month (revised): 102.2

  • Change from Previous Month: -1.96% (-2.0 points)
================

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

From Today's Report:

"...'Consumer confidence declined again in November, most likely prompted by the recent rise in gas prices,' said Lynn Franco, Senior Director of Economic Indicators at The Conference Board. 'The Present Situation Index moderated further and continues to suggest the economy has lost momentum as the year winds down. Consumers’ expectations regarding the short-term outlook remained gloomy. Indeed, the Expectations Index is below a reading of 80, which suggests the likelihood of a recession remains elevated.'

'Inflation expectations increased to their highest level since July, with both gas and food prices as the main culprits. Intentions to purchase homes, automobiles, and big-ticket appliances all cooled. The combination of inflation and interest rate hikes will continue to pose challenges to confidence and economic growth into early 2023.'..."

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.


================ 

 
CHART: Consumer Confidence Index (CCI) November 2022 Update
CHART: Consumer Confidence Index (CCI)
November 2022 Update

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

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


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Tuesday, October 25, 2022

Consumer Confidence Index (CCI) for October 2022

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

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

Predicted: 105.0
  • Actual: 102.5

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

Previous Month (revised): 107.8

  • Change from Previous Month: -4.92% (-5.3 points)
================

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

From Today's Report:

"...'Consumer confidence retreated in October, after advancing in August and September,' said Lynn Franco, Senior Director of Economic Indicators at The Conference Board. 'The Present Situation Index fell sharply, suggesting economic growth slowed to start Q4. Consumers’ expectations regarding the short-term outlook remained dismal. The Expectations Index is still lingering below a reading of 80 -- a level associated with recession -- suggesting recession risks appear to be rising.'

'Notably, concerns about inflation -- which had been receding since July -- picked up again, with both gas and food prices serving as main drivers. Vacation intentions cooled; however, intentions to purchase homes, automobiles, and big-ticket appliances all rose. Looking ahead, inflationary pressures will continue to pose strong headwinds to consumer confidence and spending, which could result in a challenging holiday season for retailers. And, given inventories are already in place, if demand falls short, it may result in steep discounting which would reduce retailers’ profit margins.'..."

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.


================ 

CHART: Consumer Confidence Index (CCI) - October 2022 Update

CHART: Consumer Confidence Index (CCI)
October 2022 Update

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

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


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Tuesday, September 27, 2022

Consumer Confidence Index (CCI) for September 2022

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

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

Predicted: 105.0
  • Actual: 108.0

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

Previous Month (revised): 103.6

  • Change from Previous Month: +4.28% (+4.4 points)
================

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

From Today's Report:

"...The Conference Board Consumer Confidence Index® increased in September for the second consecutive month. The Index now stands at 108.0 (1985=100), up from 103.6 in August. The Present Situation Index -- based on consumers’ assessment of current business and labor market conditions -- rose to 149.6 from 145.3 last month. The Expectations Index -- based on consumers’ short-term outlook for income, business, and labor market conditions -- increased to 80.3 from 75.8.

'Consumer confidence improved in September for the second consecutive month supported in particular by jobs, wages, and declining gas prices,'said Lynn Franco, Senior Director of Economic Indicators at The Conference Board. 'The Present Situation Index rose again, after declining from April through July. The Expectations Index also improved from summer lows, but recession risks nonetheless persist. Concerns about inflation dissipated further in September -- prompted largely by declining prices at the gas pump -- and are now at their lowest level since the start of the year.'

'Meanwhile, purchasing intentions were mixed, with intentions to buy automobiles and big-ticket appliances up, while home purchasing intentions fell. The latter no doubt reflects rising mortgage rates and a cooling housing market. Looking ahead, the improvement in confidence may bode well for consumer spending in the final months of 2022, but inflation and interest-rate hikes remain strong headwinds to growth in the short term.'
..."

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.


================ 

CHART: Consumer Confidence Index (CCI) - September 2022 Update

CHART: Consumer Confidence Index (CCI)
September 2022 Update

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

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


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Wednesday, June 29, 2022

Consumer Confidence Index (CCI) for June 2022

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

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

Predicted: 99.0
  • Actual: 98.7

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

Previous Month (revised): 103.2

  • Change from Previous Month: -4.36% (-4.5 points)
================

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

From Today's Report:

"...Index Drops to Lowest Level Since February 2021 as Expectations Continue to Decline

The Conference Board Consumer Confidence Index® decreased in June, following a decline in May. The Index fell to 98.7 (1985=100)—down 4.5 points from 103.2 in May -- and now stands at its lowest level since February 2021 (Index, 95.2). The Present Situation Index -- based on consumers’ assessment of current business and labor market conditions -- declined marginally to 147.1 from 147.4 last month. The Expectations Index -- based on consumers’ short-term outlook for income, business, and labor market conditions -- decreased sharply to 66.4 from 73.7 and is at its lowest level since March 2013 (Index, 63.7).

'Consumer confidence fell for a second consecutive month in June,' said Lynn Franco, Senior Director of Economic Indicators at The Conference Board. 'While the Present Situation Index was relatively unchanged, the Expectations Index continued its recent downward trajectory -- falling to its lowest point in nearly a decade. Consumers’ grimmer outlook was driven by increasing concerns about inflation, in particular rising gas and food prices. Expectations have now fallen well below a reading of 80, suggesting weaker growth in the second half of 2022 as well as growing risk of recession by year-end.'

'Purchasing intentions for cars, homes, and major appliances held relatively steady -- but intentions have cooled since the start of the year and this trend is likely to continue as the Fed aggressively raises interest rates to tame inflation. Meanwhile, vacation plans softened further as rising prices took their toll. Looking ahead over the next six months, consumer spending and economic growth are likely to continue facing strong headwinds from further inflation and rate hikes.'
..."

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.


================ 


CHART: Consumer Confidence Index (CCI) - June 2022 Update

CHART: Consumer Confidence Index (CCI)
June 2022 Update


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Tuesday, May 31, 2022

Consumer Confidence Index (CCI) for May 2022

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

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

Predicted: 106.0
  • Actual: 106.4

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

Previous Month (revised): 108.6

  • Change from Previous Month: -2.026% (-2.2 points)
================

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

From Today's Report:

"...'Consumer confidence dipped slightly in May, after rising modestly in April,' said Lynn Franco, Senior Director of Economic Indicators at The Conference Board. 'The decline in the Present Situation Index was driven solely by a perceived softening in labor market conditions. By contrast, views of current business conditions -- which tend to move ahead of trends in jobs -- improved. Overall, the Present Situation Index remains at strong levels, suggesting growth did not contract further in Q2. That said, with the Expectations Index weakening further, consumers also do not foresee the economy picking up steam in the months ahead. They do expect labor market conditions to remain relatively strong, which should continue to support confidence in the short run.'..."

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.


================ 


CHART: Consumer Confidence Index (CCI) - May 2022 Update

CHART: Consumer Confidence Index (CCI)
May 2022 Update


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

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


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Tuesday, April 26, 2022

Consumer Confidence Index (CCI) for April 2022

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

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

Predicted: 105.0
  • Actual: 107.3

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

Previous Month (revised): 107.6

  • Change from Previous Month: -0.279% (-0.3 point)
================

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

From Today's Report:

"...'Consumer confidence fell slightly in April, after a modest increase in March,' said Lynn Franco, Senior Director of Economic Indicators at The Conference Board. 'The Present Situation Index declined, but remains quite high, suggesting the economy continued to expand in early Q2. Expectations, while still weak, did not deteriorate further amid high prices, especially at the gas pump, and the war in Ukraine. Vacation intentions cooled but intentions to buy big-ticket items like automobiles and many appliances rose somewhat.'

'Still, purchasing intentions are down overall from recent levels as interest rates have begun rising. Meanwhile, concerns about inflation retreated from an all-time high in March but remained elevated. Looking ahead, inflation and the war in Ukraine will continue to pose downside risks to confidence and may further curb consumer spending this year.'..."

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.


================ 

 
CHART: Consumer Confidence Index (CCI) - April 2022 Update
 
CHART: Consumer Confidence Index (CCI)
April 2022 Update

 
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================


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Tuesday, March 29, 2022

Consumer Confidence Index (CCI) for March 2022

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

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

Predicted: 105.0
  • Actual: 107.2

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

Previous Month (revised): 105.7

  • Change from Previous Month: +1.419% (+1.5 points)
================

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

From Today's Report:

"...'Consumer confidence was up slightly in March after declines in February and January,' said Lynn Franco, Senior Director of Economic Indicators at The Conference Board. 'The Present Situation Index rose substantially, suggesting economic growth continued into late Q1. Expectations, on the other hand, weakened further with consumers citing rising prices, especially at the gas pump, and the war in Ukraine as factors. Meanwhile, purchasing intentions for big-ticket items like automobiles have softened somewhat over the past few months as expectations for interest rates have risen.'

'Nevertheless, consumer confidence continues to be supported by strong employment growth and thus has been holding up remarkably well despite geopolitical uncertainties and expectations for
inflation over the next 12 months reaching 7.9 percent -- an all -- time high. However, these headwinds are expected to persist in the short term and may potentially dampen confidence as well as cool spending further in the months ahead.'..."

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.


================ 

 
CHART: Consumer Confidence Index (CCI) - March 2022 Update

CHART: Consumer Confidence Index (CCI)
March 2022 Update

 ================

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


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Tuesday, February 22, 2022

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

Consumer Confidence Index (CCI)
February 2022 Update

 ================

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


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Tuesday, January 25, 2022

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:

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

Predicted: 111.0
  • Actual: 113.8

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

Previous Month (revised): 115.2

  • Change from Previous Month: -1.215% (-1.4 points)
================

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.


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

Consumer Confidence Index (CCI) - January 2022 Update

Consumer Confidence Index (CCI)
January 2022 Update

 ================

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


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