Posted On: 09/29/2015 7:27:29 AM
Post# of 63828
Consumer Confidence
Released On 9/29/2015 10:00:00 AM For Sep, 2015
Prior Consensus Consensus Range
Consumer Confidence - Level 101.5 96.0 88.5 to 100.0
Recent History Of This Indicator
The consumer confidence report showed odd strength in August at 101.5 for a 10.5 point surge, boosted especially by unusual strength in the assessment of current job conditions. Forecasters see the index coming back sharply from August, to a consensus of 96.0. A decline for this index would be seen, at least to a degree, as a correction from the prior month's outsized gain and less perhaps as a material decline in confidence.
Definition
The Conference Board compiles a survey of consumer attitudes on the economy. The headline Consumer Confidence Index is based on consumers' perceptions of current business and employment conditions, as well as their expectations for six months hence regarding business conditions, employment, and income. Three thousand households across the country are surveyed each month. In general, while the level of consumer confidence is associated with consumer spending, the two do not move in tandem each and every month. Why Investors Care
Released On 9/29/2015 10:00:00 AM For Sep, 2015
Prior Consensus Consensus Range
Consumer Confidence - Level 101.5 96.0 88.5 to 100.0
Recent History Of This Indicator
The consumer confidence report showed odd strength in August at 101.5 for a 10.5 point surge, boosted especially by unusual strength in the assessment of current job conditions. Forecasters see the index coming back sharply from August, to a consensus of 96.0. A decline for this index would be seen, at least to a degree, as a correction from the prior month's outsized gain and less perhaps as a material decline in confidence.
Definition
The Conference Board compiles a survey of consumer attitudes on the economy. The headline Consumer Confidence Index is based on consumers' perceptions of current business and employment conditions, as well as their expectations for six months hence regarding business conditions, employment, and income. Three thousand households across the country are surveyed each month. In general, while the level of consumer confidence is associated with consumer spending, the two do not move in tandem each and every month. Why Investors Care
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