2018 Economic Calendar
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Consumer Confidence  
Released On 5/29/2018 10:00:00 AM For May, 2018
PriorPrior RevisedConsensusConsensus RangeActual
Consumer Confidence - Level128.7 125.6 128.6 125.5  to 130.0 128.0 

Highlights
Consumer confidence came in about as expected, at a very strong 128.0 in May which is just below expectations but up noticeably from a downward revised 125.6 in April (initially 128.7).

Strength in the report is in the present situation which rose more than 4 points to 161.7. Significantly more consumers says jobs are currently plentiful, at 42.4 percent vs April's 38.2 percent, and about the same say they are hard to get, at 15.8 vs 15.5 percent.

Expectations also moved higher, up 1.3 points to 105.6 with sizably more, at 19.7 percent vs April's 18.6 percent, seeing more jobs opening up in the next six months. But buying plans are soft showing declines for cars, appliances and especially homes, at 5.5 percent for a 1.4 percentage point decline and what is the latest bad news out of the housing sector.

But there is good news for inflation expectations, up a sharp 3 tenths to 5.0 percent which, however, is still moderate for this reading. Confidence in the stock market is also picking up as the bulls rose more than 5 points to 38.3 percent and the bears sunk more than 12 points to 24.4 percent.

Of all the measures on consumer spirits, this report has been and remains the strongest. The lack of change for jobs-hard-to-get will keep up expectations for strength in Friday's employment report while the news on inflation will catch the eye of policy makers who are now more sensitive to overshooting their inflation target.

Consensus Outlook
Most confidence readings, whether for consumers or businesses, have been topping off but not the consumer confidence index which forecasters, at a May consensus of 128.6, see holding onto this year's gains. This index began to test the 130 level back in February on the strength of employment assessments and income prospects.

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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