2012 Economic Calendar
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Consumer Confidence  
Released On 9/25/2012 9:00:00 AM For Sep, 2012
 PriorPrior RevisedConsensusConsensus RangeActual
Consumer Confidence - Level60.6 61.3 64.8 61.5  to 68.0 70.3 

Consumer spirits are definitely picking up with the consumer confidence index, which had been lagging indications of strength in rival reports, jumping a very strong nine points to 70.3 in September (August upwardly revised to 61.3). This is the best reading since February and the third best reading of the whole recovery. This report stresses the consumer's assessment of the jobs market and improvement is evident. Those saying jobs are currently hard to get fell seven tenths to 39.9 percent, which is the best reading since April and which points to improvement in the monthly employment report. Those saying that jobs are plentiful rose, up 1.1 percentage points to a still however very modest 8.3 percent. Backing up these current readings is strength in the consumer's outlook for the jobs market where more see more jobs ahead and substantially fewer see fewer jobs.

Other readings include improvement in income expectations where, for the first time since June, optimists outnumber pessimists. This is an important signal of strength for the upcoming holiday shopping season. Buying plans show increases for autos and for appliances but a dip for homes. Inflation expectations are a positive in the report, showing a slight dip to 5.8 percent and perhaps anticipating what looks to be a topping underway in gasoline prices. The Dow is moving to opening highs following today's report.

Consensus Outlook
The Conference Board's consumer confidence index was down 4.8 points in August to a 60.6 level. Weakness in the latest report was centered in the assessment of future conditions which makes up 60 percent of the composite index. One relative positive in the report was stability in the assessment of current conditions, which points to stable monthly readings for August economic data including jobs data. Those saying jobs are currently hard to get actually eased slightly to 40.7 percent which was just a little bit better than it's been since April.

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
Typically retail sales will move in tandem with consumer optimism - although not necessarily each and every month.
Data Source: Haver Analytics

2012 Released Schedule
Released On: 1/312/283/274/245/296/267/318/289/2511/111/2712/27
Release For: JanFebMarAprMayJunJulAugSepOctNovDec

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