2015 Economic Calendar
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Consumer Confidence  
Released On 1/27/2015 10:00:00 AM For Jan, 2015
PriorPrior RevisedConsensusConsensus RangeActual
Consumer Confidence - Level92.6 93.1 96.0 93.5  to 100.0 102.9 

Consumer confidence is up very sharply this month, to a January reading and recovery best of 102.9 that is outside the Econoday forecast range (93.5 to 100.0). Gains sweep most readings including a 12.7 point surge in the present situation component to 112.6. Here, the jobs-hard-to-get subcomponent shows special strength in the jobs market, down 1.6 percentage points to 25.7 percent in a reading that is a positive indication for the monthly employment report.

The expectations component also shows strength, up 7.9 points to 96.4 with the income subcomponent up sharply. Strength in expectations for future income points to a combination of strength in the jobs market, the stock market, and also the positive effect of lower gasoline prices. Inflation expectations, reflecting lower gas prices, are steady at 5.0 percent which is very low for this reading.

Another positive in the report is a jump in vehicle buying plans in yet another indication of consumer confidence. Nevertheless, readings on consumer spirits, including this report, have been far outstripping actual gains in underlying consumer spending, at least so far.

Consensus Outlook
The Conference Board's consumer confidence index for December rose 1.6 points to 92.6 which, outside of October's 94.4, and is the strongest reading of the recovery. November's index was revised 2.3 points higher to 91.0. The current conditions component of the index was up 5.1 points to 98.6, a convincing gain and a recovery best. The jobs-hard-to-get subcomponent showed special strength, at 27.7 percent vs November's 28.7 percent. Showing less punch was the expectations component which fell 8 tenths to 88.5. Weakness here, in contrast to the strength of the current jobs assessment, reflects pessimism in the jobs outlook where 16.9 percent see fewer jobs ahead versus 14.7 percent who see more opening up.

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
Typically retail sales will move in tandem with consumer optimism - although not necessarily each and every month.
Data Source: Haver Analytics

2015 Release Schedule
Released On: 1/272/243/314/285/266/307/288/259/2910/2711/2412/29
Release For: JanFebMarAprMayJunJulAugSepOctNovDec

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