Business, Legal & Accounting Glossary
Consumer confidence is an attempt to measure the public’s perception of the state of the economy. Consumer confidence readings are produced by the Conference Board (Consumer Confidence Survey) and the University of Michigan (Consumer Sentiment Survey). Both consumer confidence surveys are conducted by telephone polling several thousand US households on their feelings about the current state of the economy and their expectations for the near future. Based on responses to the surveys, a value between 0 and 100 is calculated for both current and future expectations. The Conference Board consumer confidence number is released once per month, while the Michigan consumer confidence numbers are released twice a month in preliminary and final forms. The expectations portion of the Michigan consumer confidence survey is part of the Conference Board’s Leading Economic Indicators.
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This glossary post was last updated: 4th February, 2020 | 1 Views.