The Consumer Confidence Index (CCI) is an important tool that helps us understand how people feel about the economy.
It connects with different economic signs and affects the market in several ways:
Connection with GDP: When the CCI goes up, it usually means that the economy is getting better. For example, when the CCI rises by 1%, it often matches about a $40 billion increase in GDP.
Effect on Retail Sales: When the CCI is high, people tend to spend more money. A rise of 10 points in the CCI can lead to a 0.2% increase in retail sales each month.
Stock Market Reactions: A higher CCI can show that people are feeling positive about investing. Historically, when the CCI is positive, stock prices have gone up by an average of 1.5% after these reports come out.
In summary, the CCI plays a big role in how we look at the economy today.
The Consumer Confidence Index (CCI) is an important tool that helps us understand how people feel about the economy.
It connects with different economic signs and affects the market in several ways:
Connection with GDP: When the CCI goes up, it usually means that the economy is getting better. For example, when the CCI rises by 1%, it often matches about a $40 billion increase in GDP.
Effect on Retail Sales: When the CCI is high, people tend to spend more money. A rise of 10 points in the CCI can lead to a 0.2% increase in retail sales each month.
Stock Market Reactions: A higher CCI can show that people are feeling positive about investing. Historically, when the CCI is positive, stock prices have gone up by an average of 1.5% after these reports come out.
In summary, the CCI plays a big role in how we look at the economy today.