2017 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

Consumer Confidence  
Released On 6/27/2017 10:00:00 AM For Jun, 2017
PriorPrior RevisedConsensusConsensus RangeActual
Consumer Confidence - Level117.9 117.6 116.7 115.0  to 118.5 118.9 

Unusual strength in the consumer confidence report continues to extend as the index, at 118.9 this month, beat expectations by more than 2 points. The current conditions component, up 5.7 points to 146.3, is near 16-year highs and is led by yet another decline in those who describe jobs as hard to get, down 3 tenths to 18.0 percent. This reading will raise expectations for strength in next week's monthly employment report.

The expectations component is also very strong but eased 2.3 points to 100.6. Here the key reading is income where the percentage of optimists increased nearly 1 percentage point to 22.2 percent but is offset by a 1/2 point increase in pessimists to 9.2 percent.

A negative in the report is the outlook on inflation, down another 1 tenth to 4.6 percent which is unusually low for this reading. This points to weak demand conditions and perhaps betrays lack of confidence in wage gains. Buying plans are mostly soft including dips for both housing and cars.

But the message of this sample continues to be one of outsized strength. When this strength, however, will translate into outsized gains for consumer spending has been a central question for the economy all year.

Consensus Outlook
Unlike other readings on consumer spirits, the consumer confidence index has not been falling back from post-election highs. For the first-time since the dotcom bubble nearly 20 years ago, the index has posted 6 straight readings over 110 including May's 117.9. Econoday June's consensus is for a 7th plus 110 showing, at 116.7. A standout positive in the May report was a sharp move downward in those saying jobs-are-to-get, at only 18.2 percent and a new low for the ongoing expansion.

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

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

powered by  [Econoday]