CB Consumer Confidence 22/2/2022

This article includes an explanation of the Consumer Confidence Index and its importance in the markets with a look at previous data and expectations for today's data

The Consumer Confidence Index determines consumers' mood regarding economic conditions and a higher reading indicates a high level of consumer optimism. When consumers are optimistic, they tend to buy more goods and services, which energizes the economy. This reading is extracted from a monthly survey in which respondents are asked to rate the economy in the future

US Consumer Confidence Index data was reported at 113,800 1985 = 100 in January 2022. This is down from the previous figure 115,200 1985 = 100 in December 2021. US Consumer Confidence index data is updated monthly, with an average of 97.400 1985 = 100 from February 1967 to January 2022, with 598 notes. The data reached an all-time high of 144,700 1985 = 100 in May 2000 and a record low of 25,300 1985 = 100 in February 2009

Forecast for today's data 109.9

If the statement is released less than expected, it will negatively affect the currency

The statement will be issued at 5:00 pm Beirut time

Tags : USD