#USConsumerConfidence #USConsumerConfidence

In October 2024, the Consumer Confidence Index (CCI) of the United States stood at 98.22. The CCI in the U.S. began to slowly increase over the later half of 2024 after a year of decline. 

The CCI is an indicator for the confidence of consumers regarding their expected financial situation and their likelihood to spend money in the next 12 months. A CCI value above 100 indicates an increase in consumer confidence and the chance that consumers will spend money on major purchases in the next year. A value below 100 indicates negative economic developments, as consumers are likely to save their money.