This is the only revision, although seasonal factors are updated periodically. Financial markets interpret rising consumer confidence as a precursor to higher consumer spending. Higher consumer spending could in turn is expected to spark accelerated inflation. Financial markets interpret rising consumer confidence as a precursor to higher consumer spending. Higher consumer spending could in turn is expected to spark accelerated inflation.
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. 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. Survey responses are segmented by household income and the age of the head of the household.