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Economy

Economic Data (USA)

Wednesday, April 28, 2021

Consumer Confidence Index (CCI) for April 2021

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

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Predicted: 110.0
  • Actual: 121.7

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Previous Month (revised): 109.0

  • Change from Previous Month: +11.651% (+12.7 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 has rebounded sharply over the last two months and is now at its highest level since February 2020,' said Lynn Franco, Senior Director of Economic Indicators at The Conference Board. 'Consumers’ assessment of current conditions improved significantly in April, suggesting the economic recovery strengthened further in early Q2. Consumers’ optimism about the short-term outlook held steady this month. Consumers were more upbeat about their income prospects, perhaps due to the improving job market and the recent round of stimulus checks. Short-term inflation expectations held steady in April, but remain elevated. Vacation intentions posted a healthy increase, likely boosted by the accelerating vaccine rollout and further loosening of pandemic restrictions.'..."

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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