BmedoK
@BmedoK shared a post via Sadman Islam Ridoy
Singapore
1m
Sadman Islam Ridoy
Singapore
1m
1. Who makes the Consumer Confidence Index (CCI)? The US Consumer Confidence Index (CCI) is compiled by the Conference Board, a private, non-profit research organization. It’s one of the most widely followed measures of how optimistic or pessimistic consumers feel about the economy. 2. How do they get the number? Each month, the Conference Board conducts a survey of ~3,000 US households. They ask questions about: - Current conditions (job availability, business conditions, personal finances). - Expectations for the next 6 months (income prospects, employment, business conditions). The responses are quantified into an index value, benchmarked to a base year (1985 = 100). So when you see “Consumer Confidence = 94.2,” it means sentiment is below the long-term 1985 baseline (100), but the key is the direction of change (going up or down). 3. Why it matters? - Markets: It’s a leading indicator of consumer spending, which makes up about 70% of US GDP. - Policy makers & Fed: Shifts in confidence can signal changes in demand, which may affect inflation and growth forecasts. - Investors: Rising confidence → stronger spending → potential boost for retail, autos, housing, travel. Falling confidence → caution and slower growth. ✅ In short: The number comes directly from household surveys run by the Conference Board every month, then aggregated into an index. $SPX500 $NSDQ100
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