March 29, 2017

Consumer Confidence Slips

Nearly half of American consumers view the September business environment as “bad,” according to a monthly survey of 5,000 consumers. More specifically, 46.1% of consumers shared this view during September – up from 42.3% in August. Consumers also had worsened opinions about the business conditions for the next 6 months, the availability of “plentiful” jobs, and the likelihood of the employment rate increasing. These survey questions, among others, culminate into the Consumer Confidence Index, which declined from 53.2 in August to 48.5 in September. A value of 100 denotes an economy that is growing strong. Since the beginning of the decade, the CCI has declined from 135.8 to 48.5 or 64.3%, as the graph below illustrates with the ten-year trend of the index.

Consumer Confidence Index 2000-Present:

Consumer confidence is not half of what is was at the start of the decade.

Comments

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