2018 Economic Calendar
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Consumer Confidence  
Released On 1/30/2018 10:00:00 AM For Jan, 2018
PriorPrior RevisedConsensusConsensus RangeActual
Consumer Confidence - Level122.1 123.1 123.6 120.0  to 125.1 125.4 

Highlights
Consumer confidence moved back higher in January to 125.4 from an upward revised 123.1 in December and is just off November's 17-year high at 128.6. January's strength is centered in a gain for the expectations component which rose nearly 5 points to 105.5 to offset a modest slip in the present situation component which fell just over 1 point to 155.3. Part of the decline in the present situation is a small 4 tenths rise in those who say jobs are hard to get which at 16.4 percent remains very low and very favorable and won't be upsetting expectations for a strong employment report on Friday.

A negative in the report is continued weakness in inflation expectations where the 1-year outlook is down 2 tenths to 4.6 percent which for this reading is very low. In what could also be a negative, at least for contrarians, is a surge in stock-market bullishness with 51.6 percent saying the market will increase over the next year which is up more than 5 percentage points in the month.

But the consumer confidence index has in fact been tracking the stock market higher over the last year, in some contrast to the rival consumer sentiment index which has been flattening out. But today's report is another reminder that a strong jobs market is the solid foundation for the American consumer.

Recent History Of This Indicator
Consumer confidence in January is expected to come in at 123.6 and up from December's dip to 122.1 which, however, did not reflect any slowing at all in current conditions or the assessment of the current labor market. This report rose steadily last year to 17-year highs in sharp contrast to the consumer sentiment report which has been flattening out.

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
 

2018 Release Schedule
Released On: 1/302/273/274/245/296/267/318/289/2510/3011/2712/27
Release For: JanFebMarAprMayJunJulAugSepOctNovDec
 


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