Changes

The '''consumer confidence''' index is a monthly survey of public attitudes toward the economy.  It is compared to the optimism of the nation in 1985, which is given a score of 100.  Hence a score below 100 means the public is less confident in the economy, and a score above 100 means the public is more confident. The highest ever recorded on the consumer confidence index was a 144.7 in January, 2000.<ref name="ccirecords">http://www.pollingreport.com/consumer.htm#Conference</ref> By contrast, the lowest every recorded on the consumer confidence index was a 25.3 in February, 2003.<ref name="ccirecords"/>

The '''consumer confidence''' index is a monthly survey of [[public]] [[attitude]]s towards the [[economy]].  It is compared to the optimism of the nation in 1985, which was arbitrarily given a score of 100.<ref>http://www.investopedia.com/articles/05/010604.asp#axzz2JOM76wtf</ref> Hence a score below 100 means the public is less confident about the economy, while a score above 100 means the public is more confident. The highest ever recorded response to the consumer confidence index was a 144.7 in January, 2000 during the presidency of [[Bill Clinton]],<ref name="ccirecords">http://www.pollingreport.com/consumer.htm#Conference</ref> with 54% of the households surveyed describing employment opportunities as "plentiful".<ref>https://www.nytimes.com/2000/01/26/news/26iht-usecon.2.t_5.html</ref> By contrast, the lowest ever recorded on the consumer confidence index was a 25.3 in February, 2003 during the [[George W. Bush]] administration.<ref name="ccirecords"/> But news reports on April 10, 2026, said that it hit the record low then, dropping to 47.6.<ref>https://www.cnbc.com/2026/04/10/consumer-sentiment-inflation-fears-iran-war.html</ref>

This monthly report is watched closely by stock market traders and politicians.

Consumer spending accounts for 70% of the overall economy activity, and thus a decrease in consumer confidence is detrimental to the [[economy]].

[[category:economics]]

 

==References==

==References==

{{reflist}}

{{reflist}}