CB Consumer Confidence

Event Date: Tuesday, May 30, 2023
Event Time: 14:00 CET

Consume Confidence to Soften Again

Updated Sunday, May 28, 2023
The Conference Board Consumer Confidence Index was strong in 2019. 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 to 91.3 points and to 96.0 points in February while in March it surged to 109.7 points. In February this indicator surged to 121.7 points but it cooled off in May. In July we saw a jump to 129 points but it has declined since then and it is expected at 108.4 points in October. In March this indicator cooled off to 107.2 points, but it has continued to decline, falling to 100 points in November but it's expected to improve to 101 points in December. March came at 104.2 points while April is expected at 104.1 points. 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.
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