Consumer Confidence
Economic Indicators
Definition
Economic indicator measuring consumers' optimism about the economy and their personal financial situation, important for predicting consumer spending which drives about 70% of US economic activity.
Key Points
- Predicts consumer spending behavior
- Leading indicator of economic health
- Affects discretionary spending sectors
Examples
High confidence boosts retail stocksLow confidence warns of recession riskQuick Info
Category
Economic Indicators
Related Topics
economic sentiment
consumer spending
leading indicators
Related Terms
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