Index of Consumer Confidence
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The Index of Consumer Confidence (CCI) measures how people feel about the United States economy. It is issued monthly by The Conference Board, an independent economic research organization, and is based on 5,000 households. Such measurement is indicative of consumption component level of the gross domestic product. The Federal Reserve looks at the CCI when determining interest rate changes, and it also affects stock market prices.
The index started in 1985 at 100 and is normalized based on the Consumer Confidence level when it began. The Conference Board declares a recession whenever there are two or more consecutive quarters with confidence levels below 100. Another well-established index that measures consumer confidence is the University of Michigan Consumer Sentiment Index, run by University of Michigan's Institute of Social Research.
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