Charts of the Week
Conference Board Consumer Confidence
Chart of the Week for March 1, 2019 - March 7, 2019
Consumer Confidence is a closely watched economic indicator published monthly. Consumer Confidence 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 Consumer Confidence values for the past 12 months.
Consumer Confidence generally improved through late 2018, with an October 2018 value of 137.9 being the highest since September 2000. Capital market volatility, the U.S. government shutdown, and concerns about U.S. Trade Policy were contributing causes to Consumer Confidence falling in December 2018 and January 2019. The January 2019 Consumer Confidence value of 121.7 was the lowest since September 2017. The February 2019 Consumer Confidence value rebounded to 131.4 with increases in both the present conditions and expectations survey responses. Economists noted that consumers expect the economy to continue to expand in 2019, but at a more moderate pace than in 2018.
Posted by: sarah_oz@yahoo.com
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