2011 Economic Calendar
POWERED BY  econoday logo
Resource Center »  U.S. & Intl Recaps   |   Event Release Dates   |   Event Definitions   |   Today's Calendar

Consumer Confidence
Released On 10/25/2011 10:00:00 AM For Oct, 2011
PriorPrior RevisedConsensusConsensus RangeActual
Consumer Confidence - Level45.4 40.9 46.0 40.0  to 50.0 39.8 

Highlights
The consumer's assessment of current conditions is at its lowest point since December while consumer expectations are at their lowest point since the recession. The consumer confidence index fell 6.6 points in October to 39.8 with the current conditions component down a sharp seven points to 26.3 and the expectations component down 6.4 points to 48.7.

Stand-out weakness appears in the current assessment of business conditions where fewer, 11.0 percent, describe conditions as good and more, 43.7 percent, describe conditions as bad. And what is not a good sign for holiday spending, stand-out weakness also appears in income expectations where fewer, 10.3 percent, see their income rising and more, 19.2%, see their income decreasing. This inversion in income with pessimists on top is very rare for this series.

One good piece of news is a dip back, to 47.1 percent, in those who say jobs are currently hard to get in what is a mildly positive indication for the October jobs report. Inflation expectations are unchanged at 5.8 percent.

Today's report shows surprising weakness with the index reading of 39.8 well under Econoday's consensus for 46.0. But weak consumer spirits haven't held back retail sales in the least, at least not in August and September. Stocks moved lower following this report.

Market Consensus before announcement
The Conference Board's consumer confidence index edged up two tenths to 45.4 in September. Improvement was in expectations which rose to 54.0 from 52.4 in August. The present situation index dropped to 32.5 from 34.3 as consumers reacted to heavy stock markets losses and a soft labor market. Confidence may improve in early October on the recent improvement in equities.

Definition
The Conference Board compiles a survey of consumer attitudes on the economy. The headline Consumer Confidence Index is based on consumers' perceptions of current business and employment conditions, as well as their expectations for six months hence regarding business conditions, employment, and income. Three thousand households across the country are surveyed each month. In general, while the level of consumer confidence is associated with consumer spending, the two do not move in tandem each and every month.  Why Investors Care
 
[Chart]
Typically retail sales will move in tandem with consumer optimism - although not necessarily each and every month.
Data Source: Haver Analytics
 

 

2011 Release Schedule
Released On: 1/252/223/294/265/316/287/268/309/2710/2511/2912/27
Release For: JanFebMarAprMayJunJulAugSepOctNovDec
 


powered by  [Econoday]