2017 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

Consumer Confidence  
Released On 4/25/2017 10:00:00 AM For Apr, 2017
PriorPrior RevisedConsensusConsensus RangeActual
Consumer Confidence - Level125.6 124.9 123.1 119.0  to 126.0 120.3 

Highlights
The consumer confidence index eased back to 120.3 in April vs a revised 124.9 in March with these two months the best of the 8-year expansion. Readings remain strongly favorable including jobs-hard-to-get which is steady at a very low 19.1 percent and points to strength for the April employment report.

Inflation expectations are unchanged at 4.7 percent which for this reading is unusually low and continues to stand in contrast to the overall strength. Looking at the headline's 2 components, the present situation decreased slightly from 143.9 to 140.6 while expectations declined from 112.3 last month to 106.7.

One clear negative is a decline among those who see their income rising in the future, down a sizable 3.2 percentage points to 19.3 percent. This hints at a peaking of confidence in the jobs market and perhaps the outlook for the stock market as well.

But two building blocks for the consumer are solidly in place: unemployment is low and the housing market is accelerating. Wages, however, are soft and until they begin to show traction, further gains in confidence may be limited.

Recent History Of This Indicator
Increasingly upbeat assessments of the labor market along with positive expectations for rising incomes have been fueling the strongest run in consumer confidence since the dotcom days of irrational exuberance. Acceleration in this index has far surpassed acceleration in the rival consumer sentiment index and has beaten the Econoday consensus in 4 of the last 5 month. Forecasters see the consumer confidence index retracing some of its gains in April, at a consensus 123.1 vs March's 125.6.

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
 


powered by  [Econoday]