2012 Economic Calendar
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Consumer Confidence 
Released On 11/1/2012 9:00:00 AM For Oct, 2012
  PriorPrior RevisedConsensusConsensus RangeActual
Consumer Confidence - Level70.3 68.4 74.0 68.5  to 76.0 72.2 

Highlights
October consumer confidence improved in October to a reading of 72.2, up from 68.4 in September. The present situation index increased to 56.2 from 48.7 while expectations climbed to 82.9 from 81.5 last month. While below the consensus estimate of 74.0, consumer confidence is now at its highest level this year.

Consumers were considerably more positive in their assessment of current conditions, with job market improvements as the major driver. Consumers were modestly more upbeat about their financial situation and the short term economic outlook. Consumers' assessment of current conditions improved in the month. Consumers' were more positive about the labor market as well with those stating that jobs are plentiful increasing and those claiming jobs are hard to get decreasing.

Consumers were generally more optimistic about the short-term outlook in October. Those anticipating an improvement in business conditions over the next six months increased but so did those expecting business conditions to worsen. Consumers' outlook for the labor market was also mixed. Those anticipating more jobs in the months ahead increased as did those expecting fewer jobs.

Recent History Of This Indicator
The Conference Board's consumer confidence index improved in September, jumping a very strong nine points to 70.3. This was the best reading since February and the third best reading of the whole recovery. This report stressed the consumer's improved assessment of the jobs market. Other readings include improvement in income expectations where, for the first time since June, optimists outnumber pessimists.

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.

The Conference Board changed its polling company in 2010. The current polling company is Nielsen Co. with the former being TNS Inc. The switchover reference month for the new data is November 2010. Because of the change in the polling service (even though the questions in the questionnaire are the same) the data are not completely consistent and November 2010 should be considered a break in the series. 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
 

 

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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