It is a monthly report which consolidates information about consumer attitudes, buying intentions, vacation plans, and consumer expectations for inflation, stock prices, and interest rates.
Such measurement is indicative of the consumption component level of from domestic businesses.
The Federal Reserve looks at the Consumer Index when determining interest rate changes.
Data are available by age, income, 9 regions, and the top 8 states.
The consumer confidence index started in 1967 and is benchmarked to 1985 = 100.
It is considered as a lagging indicator.
Who Reports It?
The Conference Board publishes the Consumer Confidence Index® at 10 a.m. ET on the last Tuesday of every month.
How it is Calculated?
The monthly Consumer Confidence index is based on an online survey
The survey is collected from 5000 US Household
The panel is asked about opinions on current conditions and future expectations of the economy.
Current Conditions include opinions about Buisness Condition, Employment Condition
