2017 Economic Calendar
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Consumer Confidence  
Released On 7/25/2017 10:00:00 AM For Jul, 2017
PriorPrior RevisedConsensusConsensus RangeActual
Consumer Confidence - Level118.9 117.3 117.0 115.0  to 118.0 121.1 

Highlights
The consumer sentiment report is beginning to head south but not the consumer confidence report which is resuming its march to unusually strong levels. The index rose nearly 4 points in July to 121.1 which easily tops Econoday's high estimate for 118.0. Confidence has risen about 20 points following the November election, hitting a 17-year peak of 124.9 in March.

Details confirm the strength led by job assessments including the closely watched jobs-currently-hard-to-get reading which is at only 18.0 percent, down from a revised 18.4 percent in June and pointing to another strong employment report for July. The future assessment of the jobs market is also positive, with a smaller number of pessimists, at 13.3 percent vs June's 14.6 percent, saying there will be fewer jobs opening up 6 months from now.

The assessment of both current and future business conditions is also strong with more describing them as good. Buying plans for homes is also a positive, up a sharp 7 tenths to 6.7 percent with buying plans for autos also up, 1 tenth higher to 12.7 percent.

Not a positive in the report is inflation expectations which are unchanged at 4.6 percent which is very low for this reading. Aside from inflation and looking past the sharp mid-month dip in the rival consumer sentiment report, this report is pointing to no let up in post-election enthusiasm.

Recent History Of This Indicator
Unlike other readings on consumer spirits, the consumer confidence index has not been falling back from post-election highs. For the first-time in nearly 20 years ago, the index has posted 7 straight readings over 110 including June's 118.9. The Econoday consensus for July is very near that, at 117.0. In a positive indication for the labor market, the jobs-hard-to-get component has been in decline, falling to only 18.0 percent in June and a new low for the expansion.

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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