[TSP_Strategy] Conference Board Consumer Confidence Index

 

Conference Board Consumer Confidence Index

Chart of the Week for September 30, 2016 - October 6, 2016

The Conference Board Consumer Confidence Index (Index) is a closely watched economic indicator published monthly that has been generally improving over the past five years. The Index is based on surveys that measure 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 chart above shows the Index generally improving since September 2011. In fact, the Index in September 2016 reported its highest reading since August 2007. The increase in the Index over the last few years has corresponded with generally improving economic conditions in the U.S. including stronger employment numbers, higher consumer spending, lower gasoline prices, and better business conditions.

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