Difference between revisions of "Consumer confidence"
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(Added some reference points for the consumer confidence index. It helps to have a little scale in light of the current economic crisis.) |
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| − | The '''consumer confidence''' index is a monthly survey of public attitudes toward the economy. It is compared to the optimism of the nation in 1985, which is given a score of 100. Hence a score below 100 means the public is less confident in the economy, and a score above 100 means the public is more confident. The highest ever recorded on the consumer confidence index was a 144.7 in January, 2000.<ref name="ccirecords">http://www.pollingreport.com/consumer.htm#Conference</ref> By contrast, the lowest | + | The '''consumer confidence''' index is a monthly survey of public attitudes toward the economy. It is compared to the optimism of the nation in 1985, which is given a score of 100. Hence a score below 100 means the public is less confident in the economy, and a score above 100 means the public is more confident. The highest ever recorded on the consumer confidence index was a 144.7 in January, 2000.<ref name="ccirecords">http://www.pollingreport.com/consumer.htm#Conference</ref> By contrast, the lowest ever recorded on the consumer confidence index was a 25.3 in February, 2003.<ref name="ccirecords"/> |
This monthly report is watched closely by stock market traders and politicians. | This monthly report is watched closely by stock market traders and politicians. | ||
Revision as of 01:53, June 30, 2010
The consumer confidence index is a monthly survey of public attitudes toward the economy. It is compared to the optimism of the nation in 1985, which is given a score of 100. Hence a score below 100 means the public is less confident in the economy, and a score above 100 means the public is more confident. The highest ever recorded on the consumer confidence index was a 144.7 in January, 2000.[1] By contrast, the lowest ever recorded on the consumer confidence index was a 25.3 in February, 2003.[1]
This monthly report is watched closely by stock market traders and politicians.