Abstract:
The Conference Board’s composite Consumer Confidence Index (CCI) climbed to a record-high during the first month of the new year.
Byline:
Daryl Delano, Cahners Economics
The Conference Board’s composite Consumer Confidence Index (CCI) climbed to a record-high during the first month of the new year. The CCI rose by three points between December 1999 and January of this year to reach a level of 144.7 (1985=100). At this index reading, the CCI this January stood 5.3% higher than during the first month of 1999.
Consumers’ assessment of current economic conditions rose a slight 0.4% between last December and this January, while expectations for the future (defined as six months out in this survey) improved by a much more substantial 4.1% over the month. The "Expectations" sub-index of the CCI this January was a very optimistic 20.2% higher than during the same month of 1999, while the assessment of current economic conditions began this year 5.5% above the reading of January 1999.
Consumer Confidence by Region |
(index, 1985=100) |
| |
Nov-99 |
Dec-99 |
Jan-00 |
| Total U.S. |
137.0 |
141.7 |
144.7 |
| New England |
137.1 |
142.9 |
144.1 |
| Middle Atlantic |
116.7 |
125.1 |
133.6 |
| East North Central |
144.6 |
145.4 |
149.5 |
| West North Central |
134.0 |
142.6 |
138.5 |
| South Atlantic |
144.3 |
146.9 |
150.3 |
| East South Central |
130.1 |
127.8 |
143.5 |
| West South Central |
142.3 |
141.3 |
150.5 |
| Rocky Mountain |
144.0 |
151.0 |
131.0 |
| Pacific Coast |
144.1 |
137.1 |
149.6 |
| Source: The Conference Board |
| The CCIs for seven of the nation’s nine regions recorded increases between December and January --Daryl Delano | |
