Economic EventConsumer Confidence
Current PeriodNov 2012
Release DateNov. 27. 12
Consensus for Current Period72
Number of Forecasts3
Economic Surprise1.7 ( 2.36 % )
Prior PeriodOct 2012
Reported Value for Prior Period73.1
Revised From72.2
Next Release DateDec. 27. 12
Next Release Time10:00 AM Eastern Time
DescriptionConsumer confidence reflects the paramount economic concern facing the nation or individual. Consumer confidence is measured by two widely followed confidence reports (1) University of Michigan, (2) Conference Board. Over the longer term, both of these surveys move together as they serve as a reflection of national mood. Consumers are more inclined to spend when they feel confident about their financial and employment prospects. Both the index of consumer confidence from the Conference Board and the index from the University of Michigan are good leading indicators of consumer spending.
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