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

Consumer Confidence  
Released On 12/27/2017 10:00:00 AM For Dec, 2017
PriorPrior RevisedConsensusConsensus RangeActual
Consumer Confidence - Level129.5 128.6 128.0 126.0  to 130.0 122.1 

Highlights
After posting back-to-back 17-year highs, the consumer confidence index cooled slightly in the December report, to 122.1 vs a revised 128.6 in November and 126.2 in October. But very importantly the cooling doesn't include the assessment of the current jobs market where only 15.2 percent say jobs are hard to get vs 16.8 and 17.1 percent in the prior two months. This reading is closely watched and will confirm expectations for another strong monthly employment report (which will be next week's economic highlight).

Strength in other readings eased especially the assessment of the future job markets where optimists fell nearly 2 percentage points to 18.4 percent and pessimists rose more than 4 points to 16.3 percent. Other details include a gain for those seeing their income rising which is offset however by an increase among those who see their income falling.

But it's the strength of the jobs-hard-to-get reading that dominates this report and more than offsets slowing in other readings.

Consensus Outlook
Consumer confidence, at 129.5, is coming off a 17-year high in November when assessments of employment, income expectations and the stock market were all once again unusually strong. The Econoday consensus is calling for 128.0 in December.

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]