Consumer Confidence Index
The Consumer Confidence Index (CCI) is a measure that gauges how optimistic or pessimistic consumers feel about the economy's current and future conditions. It is based on surveys that ask respondents about their financial situation, job prospects, and overall economic outlook. A higher CCI indicates greater consumer confidence, which can lead to increased spending and economic growth.
The CCI is published monthly by the Conference Board, a non-profit research organization. Economists and policymakers closely monitor this index, as it can provide insights into consumer behavior and potential trends in the economy. Changes in the CCI can influence business decisions and investment strategies.