Consumer Confidence Index. Forex with Alpari

Country:	USA
Definition:	Monthly report on consumer confidence
Description:	The Consumer Confidence Index is based on a monthly sample of 5,000 U.S. households, carried out to detect consumers’ reaction to the current situation and consumers’ confidence. The survey has been conducted since 1967. Its initial value is equal to «100». The index is based on a series of five questions, such as: «Financial situation of the family in relation to the previous year, Expected financial situation of the family within a year, Estimation of the economic situation within a year, Estimation of the expected unemployment and economic recession, Private buying estimation», which are to be answered either «better» or «worse». Results from the five questions are used to generate a single number. The index considers consumer opinion on both present conditions (2/5 of the index) and future expectations (the other 3/5). Traditionally Consumer Confidence Index is used to forecast the future health of the economy, it is considered to be a leading indicator of the business cycle
Influence:	The increase in the index is favourable for the whole economy, which triggers USD advance
Market Importance:
Released:	Released around the 20th of each month at 10:00 AM ET
Source:	The Conference Board, based in New York

Consumer Confidence Index