2017 Economic Calendar
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Consumer Confidence  
Released On 2/28/2017 10:00:00 AM For Feb, 2017
PriorPrior RevisedConsensusConsensus RangeActual
Consumer Confidence - Level111.8 111.6 111.3 108.5  to 114.5 114.8 

Highlights
The consumer sentiment index may have lost a little steam but not the consumer confidence index which continues to make new post-election highs and new cycle highs, at a 114.8 February level that beats Econoday's high estimate and makes for a strong 3.2 point gain from January.

There's strength throughout the report including an 8 tenths dip in those saying jobs are currently hard to get to a very low 20.3 percent, a reading that points to strength for the February employment report. Expectations for future jobs are also strengthening with more, 20.4 percent, seeing more opening up and fewer, at 13.6 percent, seeing less jobs ahead. Strength in jobs sentiment makes for strength in income expectations where the spread between optimists and pessimists (18.3 vs 8.2 percent) is a very healthy 10.1 percentage points. Other details include an uptick in buying plans for autos and no change in inflation expectations, which are at 4.9 percent which is soft for this particular reading.

The strength in today's report is a reminder that extraordinary levels of confidence readings, whether consumer or business, have yet to translate into outsized gains for either consumer spending or business investment.

Recent History Of This Indicator
The Conference Board's consumer confidence index is standing only fractionally below a 15-year high hit in December of 113.3. Those saying jobs are hard to get have been coming down in yet another signal of strength for the labor market. But buying plans in the last report softened as did income prospects. Forecasters see the index easing modestly for a second month, to a consensus 111.0 in February in what would be an 8 tenths decline.

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
 
 

2017 Release Schedule
Released On: 1/312/283/284/255/306/277/258/299/2610/3111/2812/27
Release For: JanFebMarAprMayJunJulAugSepOctNovDec
 


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