Consumer confidence is a survey-based measure of how households feel about the economy, their finances and their spending plans. Private organisations and statistics agencies publish it, usually monthly: in the United States The Conference Board and the University of Michigan, and in Mexico INEGI together with Banxico. Releases can coincide with higher volatility and wider spreads.
Also called: consumer sentiment, consumer confidence index, University of Michigan sentiment, Conference Board
Hypothetical example
Hypothetically, a confidence index reads 98.0, against a forecast of 100.0 and a previous reading of 101.5.
