Conference Board Consumer Confidence Index
Chart of the Week for August 7, 2015 - August 13, 2015
The Conference Board conducts the Consumer Confidence Survey monthly, which measures the level of confidence individual households have related to business conditions in their area and in their family's economic condition. Households are asked five questions: 1) a rating of business conditions in the household's area, 2) a rating of business conditions in six months, 3) job availability in the area, 4) job availability in six months, and 5) family income in six months. The responses are seasonally adjusted. An index is constructed for each response and then the Conference Board Consumer Confidence Index ("Index") is developed.
As noted in the chart above, the Index has been generally trending higher since October 2011. In January 2015, the Index reached its highest reading since August 2007. The increase in the Index over the last few years corresponded with generally improving economic conditions in the U.S. including stronger employment numbers and better business conditions. After the January 2015 peak, the Index has generally declined with some volatility, and July's report saw the index fall to a 10-month low. Some economists believe the recent declines may be related to consumer's concerns about international forces such as financial market and economic volatility in Greece and China. However, the Index is still at levels associated with an expanding economy in spite of the recent volatility.
Posted by: sarah_oz@yahoo.com
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