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2008 Economic Calendar |
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Resource Center » U.S. & Intl Recaps | Release Dates | Why Investors Care | Today's Calendar
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The Conference Board compiles a survey of consumer attitudes on present economic conditions and expectations of future conditions. Five thousand consumers across the country are surveyed each month. 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
| Released on 7/25/06 For Jul 2006 | ||||||||||||
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Highlights
The dollar firmed and bonds dipped following a better-than-expected 106.5 consumer confidence index for July vs. 105.4 in June (105.7 initially reported). Inflation expectations were unchanged at 5.1 percent. Those saying jobs are plentiful showed improvement but those saying jobs are currently "hard to get" inched only 1 tenth lower to 19.9 percent. Job readings six months out were soft. A positive in the report was a rise in overall expectations, to 88.8 from 87.5. Expectations readings are still soft but improvement may point to future increases in current conditions, which remain strong at 133.0 vs. 132.2 in June. The report is solid even though high gas prices and soft job growth are continuing to hold back consumer confidence.
The Conference Board's consumer confidence index rebounded slightly in June. The improvement was primarily in expectations as current conditions slipped. Overall, confidence is still higher than last fall. For the economy to ease to moderate but still positive growth, confidence must remain at healthy levels.
Consumer confidence Consensus Forecast for July 06: 104.0
Range: 100.0 to 106.0
![[Chart]](chart.gif)
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Typically retail sales will move in tandem with consumer optimism - although not necessarily each and every month. |
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