Consumer Confidence Released On 12/27/2016 10:
Post# of 51160
Posted On: 12/28/2016 9:18:09 AM
Consumer Confidence
Released On 12/27/2016 10:00:00 AM For Dec, 2015
Highlights
Consumer confidence shows no sign of slowing. The index is up 12.9 points since the November election in gains driven by older consumers. The level for December is 113.7 which is the highest reading since way back in August 2001.
But not all the indications from the December report point to monthly acceleration. December's gain is centered in expectations, not in current conditions where the index, at 126.1, is still very strong but down from November's 132.0. Within this, those saying that jobs are hard to get rose a noticeable 1.3 percentage points to 22.5 percent. This is a closely watched reading that will not heat up expectations for the December employment report.
The expectations index is very strong, up 11.1 points to 113.7. Those seeing more jobs in the months ahead jumped 4.9 points to 21.0 percent while the percentage of consumers expecting their incomes to increase rose 3.6 points to 21.0 percent. These readings are very solid.
But there is a curious negative in the report and that is a big drop in year-ahead inflation expectations, down 3 tenths to 4.5 percent which is very low for this reading. The better times that are coming will not be inflationary, at least according to the consumer.
No set of data have been showing the strength of the various consumer confidence readings. Yet this confidence didn't help November consumer spending and how much it helped December's spending has yet to be sorted.
Recent History Of This Indicator
The Conference Board's consumer confidence index surged following the November 8 election, jumping 6.3 points to 107.1 for by far the best reading of the cycle. The balance of responses swung sharply away from pessimism in the month especially in the assessment of the jobs market. The consumer sentiment report also jumped sharply in November and again in December. Forecasters see December's confidence index rising what would be a solid 1.4 points to 108.5.
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.
Released On 12/27/2016 10:00:00 AM For Dec, 2015
Highlights
Consumer confidence shows no sign of slowing. The index is up 12.9 points since the November election in gains driven by older consumers. The level for December is 113.7 which is the highest reading since way back in August 2001.
But not all the indications from the December report point to monthly acceleration. December's gain is centered in expectations, not in current conditions where the index, at 126.1, is still very strong but down from November's 132.0. Within this, those saying that jobs are hard to get rose a noticeable 1.3 percentage points to 22.5 percent. This is a closely watched reading that will not heat up expectations for the December employment report.
The expectations index is very strong, up 11.1 points to 113.7. Those seeing more jobs in the months ahead jumped 4.9 points to 21.0 percent while the percentage of consumers expecting their incomes to increase rose 3.6 points to 21.0 percent. These readings are very solid.
But there is a curious negative in the report and that is a big drop in year-ahead inflation expectations, down 3 tenths to 4.5 percent which is very low for this reading. The better times that are coming will not be inflationary, at least according to the consumer.
No set of data have been showing the strength of the various consumer confidence readings. Yet this confidence didn't help November consumer spending and how much it helped December's spending has yet to be sorted.
Recent History Of This Indicator
The Conference Board's consumer confidence index surged following the November 8 election, jumping 6.3 points to 107.1 for by far the best reading of the cycle. The balance of responses swung sharply away from pessimism in the month especially in the assessment of the jobs market. The consumer sentiment report also jumped sharply in November and again in December. Forecasters see December's confidence index rising what would be a solid 1.4 points to 108.5.
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.
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