2018 Economic Calendar
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Consumer Confidence  
Released On 4/24/2018 10:00:00 AM For Apr, 2018
PriorPrior RevisedConsensusConsensus RangeActual
Consumer Confidence - Level127.7 127.0 126.1 123.1  to 129.0 128.7 

Highlights
The consumer confidence report is showing no wear from high levels, coming in at 128.7 in April and at the high end of the consensus range. Details are very positive led by yet another very low reading for jobs-hard-to-get, down 5 tenths to 15.2 percent in a result that will help lift expectations for strength in the April employment report. Another important reading is a decline in income pessimism as only 6.0 percent see their incomes falling which is a 17-year low.

Buying plans are special positives of the April report including big gains for autos, where sales had already popped up strongly in March, and also housing where this week's data are confirming strength. Inflation expectations, however, remain unchanged at 4.7 percent which is low for this reading.

One note is declining optimism in the stock market: only 32.7 percent see shares rising over the next year which has steadily eroded since a 51.0 percent peak in January. But optimism in fact, whether for the jobs market or income, is the clear takeaway from today's report.

Consensus Outlook
Getting a boost from this year's tax cut, the weekly consumer comfort index and bi-monthly consumer sentiment index have been hitting expansion highs as has the monthly consumer confidence index. Consensus for April confidence is for slight easing to 126.1 vs 127.7 in March.

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
 
[Chart]
Typically retail sales will move in tandem with consumer optimism - although not necessarily each and every month.
Data Source: Haver Analytics
 

2018 Release Schedule
Released On: 1/302/273/274/245/296/267/318/289/2510/3011/2712/27
Release For: JanFebMarAprMayJunJulAugSepOctNovDec
 


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