#USConsumerConfidence The Conference Board Consumer Confidence Index (CCI) in the United States measures consumer optimism about the economy. It is based on a monthly survey of 5,000 U.S. households. The CCI is a composite index that consists of two sub-indices: the Present Situation Index and the Expectations Index. The Present Situation Index measures consumers' assessment of current business and labor market conditions. The Expectations Index reflects consumers' short-term outlook for income, business, and labor market conditions.
The CCI is a leading indicator of economic activity. When consumers are confident about the economy, they are more likely to spend money. This spending helps to boost economic growth. Conversely, when consumers are pessimistic about the economy, they are more likely to save money. This can lead to a slowdown in economic growth.
The CCI has been declining in recent months. This is likely due to concerns about inflation and the rising cost of living. Consumers are also worried about the possibility of a recession. The decline in the CCI is a cause for concern for policymakers. If consumer confidence continues to decline, it could lead to a slowdown in economic growth.