Consumer Confidence Index (CCI) for April 2025
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Predicted: 88.0
- Actual: 86.0
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Previous Month (revised): 93.9
- Change from Previous Month: 8.41% (-7.9 points)
The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.
From Today's Report:
"...'Consumer confidence declined for a fifth consecutive month in April, falling to levels not seen since the onset of the COVID pandemic,' said
Stephanie Guichard, Senior Economist, Global Indicators at The Conference Board. 'The decline was largely driven by consumers’ expectations.
The three expectation components -- business conditions, employment prospects, and future income -- all deteriorated sharply, reflecting pervasive pessimism about the future. Notably, the share of consumers expecting fewer jobs in the next six months (32.1%) was nearly as high as in April 2009, in the middle of the Great Recession.
In addition, expectations about future income prospects turned clearly negative for the first time in five years, suggesting that concerns about the economy have now spread to consumers worrying about their own personal situations. However, consumers’ views of the present have held up, containing the overall decline in the Index.'..."================
Every month, The Conference Board sends a questionnaire to 5,000 U.S.
households. Survey participants are polled about their feelings
regarding the U.S. economy, current and future, and about their own
fiscal circumstances. On average, 3,500 participants complete and return
the 5-question survey.
- The baseline "100" score for the CCI is associated with 1985 survey data.
When consumers feel good about the economy, they tend to do more spending, and vice versa.
Based in New York City, The Conference Board® is a private,
not-for-profit organization with a mission to, "create and disseminate
knowledge about management and the marketplace to help businesses
strengthen their performance and better serve society."
The CCI is usually released on the last Tuesday of the month.
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APRIL 2025 Update
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Labels: cci, Conference_Board, consumer_confidence, consumer_spending, consumers, FedPrimeRate, FedPrimeRate.com, inflation, Inflation_Expectations, recession, Recession_Expectations, spending, The_Conference_Board, trade
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posted by Steve Brown | 4/30/2025 08:27:00 AM
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