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The consumer confidence index (CCI) is a measure of consumer optimism in the economy at large. The figure is based on collective saving and spending habits of individuals. The consumer confidence index has traditionally anticipated business and economic trends several months before other common indicators.
Consumer confidence rose slightly in January 2009, but remains the lowest in decades, according to a recent survey.Fox Business: Consumer Sentiment Remains Weak in January (February 2, 2009) Investment News: Inauguration bump' gooses consumer confidence (January 30, 2009)
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Fast Facts:
- CCI started in 1967
- Updated monthly
- The Conference Board Chairman: Douglas R. Conant, President and CEO of Campbell Soup Company
- Measured by the Conference Board
- An indicator of consumer optimism in economy
- Evaluated based on consumer spending and saving habits
- Often predicts trends months before other indicators
- Interpreted as an indicator of recession
- The CCI is based on a sample of 5,000 U.S. households
- Benchmark year is 1985 at 100
- In October 2008, consumer confidence plummeted to an all-time low of 38, in the wake of the ongoing financial crisisFOX Business: Consumer Confidence Plunges Amid Financial Turmoil (October 28, 2008)
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Recent Developments
A Reuters/University of Michigan Surveys of Consumers survey found that consumer confidence rose to 61.2 in January 2009, compared to 60.1 in December 2008. The number was the highest in four months. Consumer confidence still remains the lowest in decades.Fox Business: Consumer Sentiment Remains Weak in January (February 2, 2009) Investment News: Inauguration bump' gooses consumer confidence (January 30, 2009)Some experts attributed the rise in consumer confidence despite a worsening economy to hope about President Barack Obama, who took office on January 20, 2009, and his plans for the economy.Investment News: Inauguration bump' gooses consumer confidence (January 30, 2009)
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The Conference Board: Consumer Confidence Index
conference-board.org -
Investment News: Inauguration bump' gooses consumer confidence
investmentnews.com (January 30, 2009) -
Wikipedia: Consumer Confidence Index
en.wikipedia.org -
Marshall Place Associates: Global Monitor of Consumer Sentiment Index Reports
marshallplace.com.au -
Fox Business: Consumer Sentiment Remains Weak in January
foxbusiness.com (February 02, 2009) -
FOX Business: Consumer Confidence Plunges Amid Financial Turmoil
foxbusiness.com (October 28, 2008) -
YouTube Video: How To Interpret the Consumer Confidence Index (CCI) (Time: 4:55)
youtube.com
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The Conference Board: Consumer Confidence Index
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Consumer Confidence on Twitter Powered by Twitter
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Consumer confidence dented by rate hikes http://cli.gs/BM2Tp
@Johansentrt | November 11, 2009 02:07 AM -
Consumer and business confidence mixed after hike http://bit.ly/2ETIbG
@FinishWealthy | November 11, 2009 02:01 AM -
Consumer confidence dented by rate hikes http://bit.ly/4xO4vz
@DynamicBusiness | November 11, 2009 01:55 AM -
Consumer Confidence GO Markets - FX Market Commentary http://bit.ly/4wEWO8
@FlexibleDebt | November 11, 2009 01:34 AM -
Consumer confidence dips on rate rises: AN index of consumer sentiment in Australia fell 2.5 per cent in Novemb.. http://bit.ly/1Z9gLC
@guimilward | November 11, 2009 01:27 AM
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Consumer Confidence on Amazon | View All
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This digital document is an article from Consumer Confidence Survey, published by Conference Board, Inc. on October 1, 2000. The length of the article is 875 words. The page length shown above is based on a typical 300-word page. The articl...
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Questions and Answers About Consumer Confidence | View All | Ask a Question
View All Consumer Confidence Questions (277) | Ask a QuestionI wonder what exactly is consumer confidence and how do they measure it? (1 Answer)Consumer confidence is the measurement of how optimistic consumers are about the economic future. Economists use it to predict how the economy will be at a later date. For example, ... read moreWhat gives us self-confidence and how does it affect those around us? (2 Answers)That's four big and difficult questions you've asked in one there. I'll try a brief answer. 1) What gives us self-confidence? People normally don't have the same degree of confidence ... read moreWhat seafood is consumed the most in the US? (3 Answers)According to two stats I got from Internet, Shrimp stays in the top of the list with a rate of 4.1 pounds, while Tuna stayed within the range of 2.9 ... read moreIs consumer lending profitable? (2 Answers)Interesting question. Generally speaking consumer lending is profitable simply because interest is charged on consumer loans. Given today's tight financial situations, I would say that it can still be profitable ... read more
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