The consumer confidence index is a leading indicator of future spending. An increase in the share of consumers who expect rising wages is an indication of the tightness of labor market and mounting wage pressures. Regional differences in consumer confidence are an indication of differing business cycles across the nation. This has implications for spending on durable goods and, more importantly, for residential real estate markets. Strengths Data for a month is released during that month.
Consumer confidence is a leading indicator for the business cycle.
Release provides information on consumer assessments of the present situation and expectations for the future. Improved expectations for the future indicate that consumers will be more willing to spend now or in coming months. The survey is conducted not only nationally but also by the nine census divisions. The regional indexes reflect the economic situations in each region. The indexes can be compared across regions.