2018 Economic Calendar
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Consumer Confidence  
Released On 3/27/2018 10:00:00 AM For Mar, 2018
PriorPrior RevisedConsensusConsensus RangeActual
Consumer Confidence - Level130.8 130.0 131.0 128.3  to 132.2 127.7 

Highlights
The consumer confidence index, at 127.7, eased back slightly in March but remains very strong especially the assessment of the labor market where only 14.9 percent say jobs are hard to get. This is closely watched by forecasters and the reading, which is down 2 tenths from an already strong February, will firm expectations for yet another favorable monthly employment report.

This year's tax cut has been offsetting trouble in the stock market and continues to support confidence readings. Yet confidence in stocks is eroding with only 35.4 percent of the sample seeing year-ahead gains for the market vs 40.1 percent in February and a peak of 51.0 percent in January when the sell-off first hit.

Other readings include a downtick in inflation expectations, now at 4.6 percent after having shown hints of life in prior months. Buying plans are soft especially for homes which are at only 5.5 percent, down a couple of percentage points over the past couple of months which hints at slowing ahead for the housing market.

Today's report is less upbeat than prior months but not the assessment of the labor market which is a central positive that does overshadow the spots of softness.

Consensus Outlook
This year's tax cut has far offset any concerns over stock market volatility for the consumer confidence report. Income expectations have been solid and the assessment of the labor market strong. And another month of exceptional strength is the call for March, at a consensus 131.0 vs February's 130.8.

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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