[TSP_Strategy] US Consumer Confidence

 

U.S. Consumer Confidence

Chart of the Week for February 2, 2018 - February 8, 2018

The Conference Board Consumer Confidence Index (Consumer Confidence)  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.

Consumer Confidence has generally been improving over the past 12 months. Economists noted that January's gain was driven by an increase in consumer expectations for the labor market as consumers expressed their highest optimism in the labor market since 2001. Economists also noted that more than 90% of the respondents anticipated incomes to stay steady or increase within the coming six months. The increase in the Consumer Confidence over that last year has corresponded with generally improving economic conditions in the U.S.

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