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Consumer confidence index
(redirected from Consumer confidence)

   Also found in: Acronyms, Wikipedia 0.12 sec.
Consumer Confidence Index
A measure of consumer views regarding the current economic situation and consumer expectations for the future. Information for the index is compiled and released on the last Tuesday of each month by the Conference Board, an independent not-for-profit research group. Consumer views of the economy affect consumer spending, which makes up two thirds of the U.S. economy.

Consumer confidence index. The consumer confidence index is released each month by the Conference Board, an independent business research organization.

It measures how a representative sample of 5,000 US households feel about the current state of the economy, and what they anticipate the future will bring. The survey focuses specifically on the participants' impressions of business conditions and the job market.

Economic observers follow the index because when consumer attitudes are positive they are more likely to spend money, contributing to the very economic growth they anticipate. But if consumers are worried about their jobs, they may spend less, contributing to an economic slowdown.



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For the third quarter to date (July and August), the University of Michigan's consumer confidence index averaged 83.
After a rather quiet spring and summer in 2004, the market experienced a strong revival after the Presidential election, and then again abated in late spring 2005 as consumer confidence fell.
stock market closed out 2004 with a bang as the major stock indices rose to multi-year highs on a surge in consumer confidence during December.
 
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