US CB Consumer Confidence
CB Consumer Confidence
Consumer Confidence Expected to Increase Again, As US Economy Progresses Further
Starts Tuesday, February 23, 2021 at 15:00
Updated Tuesday, February 23, 2021
The Conference Board Consumer Confidence Index was strong in 2019, rebounding in July. It jumped to 135.7 points, up from 124.3 in June. The Index came in pretty strong in August as well at 135.1 points. After a sharp decline in June, driven by an escalation in trade and tariff tensions, Consumer Confidence rebounded in July to its highest level this year. It came back down in September, falling to 125.1 points, but improved slightly to 125.9 points in October. In November, the confidence weakened again, to 125.5 points, but it improved to 126.5 in December. In January though, we saw a decent jump to 131.6 points. But, this indicator turned softer to 120.0 points in March and in April it dived to 86.9 points due to coronavirus. It started to improve in May and in June it climbed to 98.1 points. But cooled off again in August due to the unrest in the US, falling to 84.8 points. Although, we saw a strong jump to 101.8 points in September and a small cool off to 100.9 points in October. In Q4 of 2020 it cooled off to 87.1 points but jumped to 89.3 points in January and this month it is expected to increase further this month. Please follow us for live coverage of this event by experienced market analysts.
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About CB Consumer Confidence
It's a level of a composite index based on surveyed households. Released monthly, on the last Tuesday of the current month. Survey of about 5,000 households which asks respondents to rate the relative level of current and future economic conditions including labor availability, business conditions, and overall economic situation.A lower than expected number is commonly interpreted as bearish for the USD, while a high number is bullish.