Description
The U.S. Consumer Confidence Index (CCI), published by The Conference Board, measures the confidence of American consumers in the current economic situation and their expectations for the economy over the next six months. It is a key indicator of U.S. economic vitality and consumer spending intentions.
The Consumer Confidence Survey consists of five questions: the first two relate to the current economic situation, while the last three pertain to future expectations:
1. How do you perceive the current economic situation?
2. How do you perceive the current job market?
3. How do you expect the economic situation to change in the next six months?
4. How do you expect the job market to change in the next six months?
5. How do you expect your household income to change in the next six months?
When the Consumer Confidence Index rises, it generally indicates that consumers are more optimistic about the future economic outlook, which could lead to increased consumer spending and economic growth. Conversely, a decline in the index may indicate weakening consumer confidence, potentially leading to reduced spending and a negative impact on economic activity.
This data is released monthly, reflecting changes in U.S. consumer confidence over the past month.