2017 Economic Calendar
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Consumer Confidence  
Released On 8/29/2017 10:00:00 AM For Aug, 2017
PriorPrior RevisedConsensusConsensus RangeActual
Consumer Confidence - Level121.1 120.0 120.6 118.0  to 124.4 122.9 

Highlights
August was a very solid month for the Conference Board's consumer confidence sample as the index moved higher once again, to 122.9 from a revised 120.0 in July. August's result is the best since March's 124.9 and is the second highest since all the way back in December 2000.

The sample showed no ill effects from the rioting in Virgnia and tensions with North Korea. The assessment of the present situation improved noticeably in the month to 151.2 from 145.4 and expectations pressed further ahead, up 1.0 point to 104.0.

The good news keeps coming especially the current employment assessment. Jobs-hard-to-get fell a sizable 1.4 percentage points to 17.3 percent with those saying jobs are plentiful up an equally impressive 2.2 points to a very strong 35.4 percent. On the expectations side, the most positive news comes from income expectations with optimists rising 9 tenths to 20.9 percent, which is very strong, while pessimists fell 1.7 percentage points to 7.8 percent. The spread in this reading, at 13.1 points, is unusually wide and points to confidence in job prospects and also in investment returns.

Buying plans softened in the report but really the only negative is another dip in inflation expectations, down 1 tenth to 4.5 percent which is very low for this reading. But lack of inflation is 2017's curiosity and otherwise this report points to second-half strength for consumer spending. Watch on Friday for consumer sentiment, a report that in sharp contrast to the confidence report has been flattening out.

Recent History Of This Indicator
The consumer confidence index has been easily beating the consensus in recent months, coming in at an unusually strong 121.1 in July with forecasters once again calling for a fall back though only slightly, to 120.6 in August. The current job assessments, including the closely watched jobs-hard-to-get, have been very strong and consistent with high levels of employment. Inflation readings, in contrast, have been very soft.

Definition
The Conference Board compiles a survey of consumer attitudes on the economy. The headline Consumer Confidence Index is based on consumers' perceptions of current business and employment conditions, as well as their expectations for six months hence regarding business conditions, employment, and income. Three thousand households across the country are surveyed each month. In general, while the level of consumer confidence is associated with consumer spending, the two do not move in tandem each and every month.  Why Investors Care
 

2017 Release Schedule
Released On: 1/312/283/284/255/306/277/258/299/2610/3111/2812/27
Release For: JanFebMarAprMayJunJulAugSepOctNovDec
 


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