2018 Economic Calendar
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Consumer Confidence  
Released On 6/26/2018 10:00:00 AM For Jun, 2018
PriorPrior RevisedConsensusConsensus RangeActual
Consumer Confidence - Level128.0 128.8 128.1 125.8  to 130.0 126.4 

Highlights
Tariffs may now be denting consumer expectations based on the consumer confidence index which dipped 2.4 points in June to 126.4 to come in at the low end of expectations. The softening is centered in the expectations component which fell 4.0 points to 103.2 and where the sub-component for income expectations shows fewer optimists, 18.8 vs 21.4 percent in May, and more pessimists at 8.7 vs 8.0 percent.

But levels are still very strong in this report and the current condition index, which offers hints at near-term consumer activity, held nearly unchanged at 161.1. The consumers' assessment of the June labor market is mixed with those saying jobs are plentiful down 2.1 percentage points to 42.1 percent offset by those saying jobs are hard-to-get, declining 7 tenths to 14.9 percent.

The immediate implications of today's report are quite favorable, pointing to a solid month for consumer spending, but the longer-term outlook is perhaps beginning to erode. Other readings in today's report show no change for year-ahead inflation expectations at 4.9 percent (which is moderate for this reading) and another rise in stock market bulls, up 4.0 percentage points to a sizable 42.4 percent vs 23.5 percent for the bears.

Consensus Outlook
Econoday's consensus, at 128.1 in May, is calling for steady strength at a high level for the June consumer confidence index. Job assessments, both current and future, have been extraordinarily strong in this report.

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]
Consumer confidence and retail sales generally move in tandem but not necessarily each and every month. Note that consumer assessments of employment conditions are heavily weighted in the consumer confidence index.
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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