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Measures of Consumer Confidence: Are They Useful? (CRS Report for Congress)

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Release Date June 2, 2003
Report Number RL31942
Report Type Report
Authors Brian W. Cashell, Government and Finance Division
Source Agency Congressional Research Service
Summary:

Two economic indicators that get a lot of attention are the index of consumer sentiment published by the University of Michigan Survey Research Center, and the consumer confidence index published by the Conference Board. This report explains how these two indexes measuring consumer attitudes are calculated, the theoretical connection between consumer attitudes and economic growth, and examines their significance as indicators of the economic outlook.