The Consumer Confidence Index (CCI) is a survey-based economic indicator that measures the degree of optimism consumers feel about the overall state of the economy and their personal financial situation. It is used to predict consumer spending and economic activity.
Description: The Consumer Confidence Index (CCI) is published monthly by The Conference Board, a non-profit business research organization. It is based on a survey of 5,000 U.S. households, asking respondents about their current and future expectations for business conditions, employment, and income. The index is normalized to a baseline of 100 in 1985. A value above 100 indicates above-average confidence, while below 100 suggests below-average confidence. The CCI is closely watched by economists, investors, and policymakers as a leading indicator of consumer spending, which accounts for about 70% of U.S. GDP. Changes in the index can influence stock market trends, currency values, and central bank policy. The index has been published since 1967, with historical data available for analysis. It is distinct from the University of Michigan Consumer Sentiment Index, though both serve similar purposes.
