Consumer Confidence Index CCI
Definition of 'Consumer Confidence Index CCI'
Three headline figures are released each month:
- Consumer Confidence Index
- Present Situation Index
- Expectations Index
The CCI is based on the data from a monthly survey of 5000 US households. The data is calculated for the United States as a whole and for each of the country’s nine census regions. The survey consists of five questions on the following topics:
- Current business conditions
- Business conditions for the next six months
- Current employment conditions
- Employment conditions for the next six months
- Total family income for the next six months
The year 1985 was chosen as a benchmark year because it was a neutral year in the business cycle.
- The index values for all five questions are averaged together to produce the CCI.
- The average of index values for questions 1 and 3 form the Present Situation Index
- The average of index values for questions 2, 4 and 5 form the Expectations Index.
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