Track US CB Consumer Confidence to gauge future consumer spending, a key economic activity driver.
Financial confidence serves as a key predictor of consumer spending, which constitutes a significant portion of overall economic activity.
What it Measures
This is measured by a composite index derived from household surveys.
Usual Effect
'Actual' results exceeding 'Forecast' are favorable for the currency.
Source & Frequency
The Conference Board Inc. (latest release) - https://www.conference-board.org/ • This report is issued monthly, specifically on the last Tuesday of each month.
How Data is Derived
Survey of about 3,000 households which asks respondents to rate the relative level of current and future economic conditions including labor availability, business conditions, and overall economic situation
Also Known As
N/A
Acronym
The Conference Board (CB)