What is the Consumer Confidence Index?
An example of an AI chatbot conversation about the Consumer Confidence Index.
What is the Consumer Confidence Index?
The Consumer Confidence Index (CCI) measures how optimistic or pessimistic consumers are regarding their expected financial situation.
How is the CCI calculated?
The CCI is calculated based on surveys that ask consumers about their current and future economic conditions.
Why is the CCI important?
The CCI is important because it helps gauge consumer spending, which drives economic growth.
Can the CCI predict economic trends?
Yes, a rising CCI often indicates increased consumer spending, which can signal economic growth.
Where can I find the latest CCI data?
You can find the latest CCI data on websites like the Conference Board or the Federal Reserve.
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