Consumer confidence

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newratings.com  4 hrs ago  Comment 
VIENNA (dpa-AFX) - Eurozone consumer confidence improved for a second straight month and at a faster-than-expected pace in May to its highest level in four months, preliminary data from the European Commission showed Monday. The flash consumer...
newratings.com  4 hrs ago  Comment 
BRUSSELS (dpa-AFX) - At 10:00 am ET, Eurozone flash consumer sentiment index for May has been released. Following the data, the euro traded mixed against its major rivals. While the euro declined against the greenback, pound and the yen, it...
newratings.com  11 hrs ago  Comment 
COPENHAGEN (dpa-AFX) - Denmark's consumer confidence deteriorated to a seven-month low in May after strengthening in the previous month, data from Statistics Denmark showed Monday. The consumer confidence indicator dropped to 3.2 from...
newratings.com  11 hrs ago  Comment 
ANKARA (dpa-AFX) - Turkey's consumer confidence improved for the third straight month in May to the highest level in four months, survey data from the statistical office Turkstat showed Monday. The consumer confidence index rose marginally...
newratings.com  May 23  Comment 
AMSTERDAM (dpa-AFX) - Dutch consumer confidence remained positive for the second straight month in May, while spending grew at a faster pace in March, figures from the Central Bureau of Statistics showed Monday. The seasonally adjusted consumer...
newratings.com  May 20  Comment 
BRUSSELS (dpa-AFX) - Belgium's consumer confidence held steady in May after weakening in the previous four months, survey data from the National Bank of Belgium showed Friday. The consumer confidence index showed a score of -8, same as the...
The Times of India  May 17  Comment 
India's consumer confidence in the first quarter (Q1) of 2016 is back at pre-global recession levels. In Nielsen's Consumer Confidence Index (CCI), India scored 134, up by three index points from last quarter which is the highest for the country...
newratings.com  May 13  Comment 
WASHINGTON (dpa-AFX) - Consumer sentiment in the U.S. rebounded by much more than expected in the month of May, according to a report released by the University of Michigan on Friday, with the consumer sentiment index reaching an eleven-month...
Wall Street Journal  May 13  Comment 
Consumer confidence rebounded to its strongest level in nearly a year in May as economic prospects brightened for a wide swath of Americans.
guardian.co.uk  May 13  Comment 
US consumer confidence sees highest reading for nearly a year US retail sales rose 1.3% in April, beating expectations IMF warns Brexit could trigger steep fall in house prices Eurozone growth revised down to 0.5% UK construction output falls...




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Consumer confidence is a term for consumers' level of optimism about the economy. It is used to capture people's perception, rather than the actual state, of the economy. Consumer confidence affects consumption, which accounted for 74% of the US Gross Domestic Product in the first quarter of 2008.[1] This is because people tend to adjust their spending based of expectation of the future. Factors such as changes in employment levels, increase/decrease in gasoline prices, inflation expectations and major events, e.g. terrorist attacks, hurricanes and ending a war, affects consumer confidence. Consumer confidence tends to vary from country to country.

Measures of Consumer Confidence

[[Image:Mich_cc.jpg|right|thumb|450px|University of Michigan Consumer Sentiment Index (Jan 1978- Jan 2008)[2]

Who is affected by changes in consumer confidence

Consumer confidence affects consumption, which accounted for 74% of the US Gross Domestic Product in the first quarter of 2008.[3] This is because people tend to adjust their spending based of expectation of the future. Lower consumer confidence, leads to lower overall spending and vice versa. Economists have concluded that spending on durable goods, such as cars and computers, is affected more than spending on non-durable goods, such as food -- since, consumers tend to put off the high budget items till they feel comfortable about purchasing them.[4] High consumer confidence bodes well for almost all types of businesses.

The type of businesses that are affected most by changes in consumer confidence are:

The type of businesses that are affected least by changes in consumer confidence are:

References

  1. Bureau of Economic analysis, Retrieved 7/30/2008
  2. Data from University of Michigan, retrieved 7/30/2008</ref two studies: The US Consumer Confidencitions for the next six months, current employment conditions, employment conditions for the next six m The University of Michigan Consumer Sentiment Index, calculated and published by the University of Michigan each month, is measured by conducting a phone survey of at least 500 households. The survey contains 50 questions focusing on three broad areas: personal finances, business conditions, and buying conditionber of 1964.<ref>[http://www.sca.isr.umich.edu/documents.php?c=i University of Michigan Consumer Sentiment Index: Survey Information, retrieved 07/25/08]</li> <li id="_note-2">[[#_ref-2|↑]] [http://www.bea.gov/national/nipaweb/TableView.asp?SelectedTable=5&FirstYear=2007&LastYear=2008&Freq=Qtr Bureau of Economic analysis, Retrieved 7/30/2008]</li> <li id="_note-3">[[#_ref-3|↑]] [http://news.bbc.co.uk/1/hi/business/1561162.stm Why Consumer Confidence Matters?, BBC New, Retrieved 7/20/2008]</li></ol></ref>
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