#USConsumerConfidence US Consumer Confidence: US Consumer Confidence Index
The US Consumer Confidence Index measures the level of optimism consumers have about the economy, income, and future financial situations. This is an important economic indicator that reflects the health of the world's largest economy.
Why Is It Important?
Consumer spending accounts for over 70% of the US GDP, so consumer confidence directly affects economic growth.
Optimistic sentiment often drives shopping, investment, and business; conversely, pessimistic sentiment can signal an economic downturn.