What is the Consumer Confidence Index?
The consumer confidence index is an indicator of the strength of consumer confidence. It is a leading indicator that comprehensively reflects and quantifies consumers' evaluation of the current economic situation and subjective feelings about economic prospects, income levels, income expectations, and consumer mental state, and predicts economic trends and consumption trends. Consists of consumer satisfaction index and consumer expectation index. The former refers to consumers 'evaluation of current economic life; the latter refers to consumers' expectations of changes in future economic life. They are composed of several secondary indicators: income, quality of life, macroeconomics, consumer spending, employment status, satisfaction with the purchase of durable consumer goods and savings, expectations for the next year, and purchase of housing and decoration, and purchase of cars in the next two years And expectations of stock market changes in the next 6 months. The index uses a questionnaire survey of urban consumers, and the China Economic Prosperity Monitoring Center of the National Bureau of Statistics is responsible for the survey statistics. Based on the end of 1997, it dynamically reflects changes in consumer confidence indexes. A higher index value indicates stronger consumer confidence. [1]
Consumer confidence index
- Consumer Confidence, also known as Consumer Sentiment, is
- 1940s University of Michigan Survey
- Quantify
- According to economic theory, consumption is a function of income. Consumer confidence (or sentiment) is, in the final analysis, a reflection of consumers 'estimates and expectations of their household income levels, which are based on consumers' subjective perceptions of various factors that restrict household income levels. These factors mainly include: the economic development situation of the country or region,
|
|
|
|
---|---|---|---|
May 2013 | 99.0 | 102.7 | 93.4 |
April 2013 | 103.7 | 108.1 | 97.1 |
March 2013 | 102.6 | 107.9 | 94.5 |
February 2013 | 108.2 | 113.3 | 100.6 |
January 2013 | 104.5 | 110.1 | 96.1 |
December 2012 | 103.7 | 107.6 | 97.8 |
November 2012 | 105.1 | 109.4 | 98.6 |
October 2012 | 106.1 | 109.3 | 101.2 |
September 2012 | 100.8 | 104.0 | 96.0 |
August 2012 | 99.4 | 103.7 | 93.0 |
July 2012 | 98.2 | 101.5 | 93.3 |
Each time the consultant consulted it, it was completely different from the last time, and only asked the respondents' expectations for the next 6 months. Conversely, the University of Michigan survey conducted a second survey of many respondents, asking them about their expectations for the next one to five years. The longer the survey points to, the more stable the index. The index uses 100 as the base period value.
|