2012 Economic Calendar
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Consumer Confidence  
Released On 11/27/2012 10:00:00 AM For Nov, 2012
 PriorPrior RevisedConsensusConsensus RangeActual
Consumer Confidence - Level72.2 73.1 72.8 65.0  to 77.0 73.7 

Consumer confidence is steady and firm with buying plans for homes a special positive. The consumer confidence index rose to a new recovery high of 73.7 in November from an upwardly revised 73.1 in October. Strength is centered in the expectations component which is up 1.1 points to 85.1. The present situation component is down one tenth to 56.6.

Holding down the present situation are flat readings on the current jobs market with 38.8 percent of consumers still saying jobs are hard to get which is unchanged from October. This reading points to no improvement for the government's November employment report.

Job readings on the expectations side show improvement with more seeing more jobs opening up in the next six months. But income expectations are easing back with fewer seeing their income rising in the next six months. This is not a good indication for the holiday shopping season. What is a good sign for the season, however, is a nearly four percentage point jump in those who plan to buy a major appliance in the next six months which is at 50.6 percent.

Another plus in the report is a 1.5 percentage point jump to 6.9 percent in those who expect to buy a house in the next six months. This is the latest indication of building momentum for the housing sector. Inflation expectations are another plus in the report, down two tenths for the 12-month outlook to 5.6 percent in what is a reflection of falling gas prices.

Regional data show that the effects of Hurricane Sandy are limited to the Mid-Atlantic, which is only one of the report's nine regions. Consumer confidence overall is proving resilient especially given the prospect of building uncertainty going into the year-end fiscal cliff. Yet today's report is mixed with jobs hard to get and income expectations showing no improvement. The Dow is moving off opening highs.

Consensus Outlook
The Conference Board's consumer confidence index 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. Consumer confidence is now at its highest level this year.

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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