[TSP_Strategy] Consumer Confidence Index

 

Charts of the Week

Conference Board Consumer Confidence Index

Chart of the Week for June 2, 2017 - June 8, 2017

The Conference Board Consumer Confidence Index (Index) is a closely watched economic indicator published monthly. 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 over the past five years. The May 2017 Index represented the second monthly decline in a row, but the three-month moving average was the highest since 2001 and May was a 25.5 point gain from a year ago. While somewhat volatile since the recent U.S. Presidential election, 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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