Press Release: The Conference Board Consumer Confidence Index Increased in July
July 25 2017 - 10:30AM
Dow Jones News
The Conference Board Consumer Confidence Index Increased in
July
PR Newswire
NEW YORK, July 25, 2017
NEW YORK, July 25, 2017 /PRNewswire/ -- The Conference Board
Consumer Confidence Index(R) , which had declined marginally in
June (a downward revision), improved in July. The Index now stands
at 121.1 (1985=100), up from 117.3 in June. The Present Situation
Index increased from 143.9 to 147.8, while the Expectations Index
rose from 99.6 last month to 103.3.
The monthly Consumer Confidence Survey(R) , based on a
probability-design random sample, is conducted for The Conference
Board by Nielsen, a leading global provider of information and
analytics around what consumers buy and watch. The cutoff date for
the preliminary results was July 14.
"Consumer confidence increased in July following a marginal
decline in June," said Lynn Franco, Director of Economic Indicators
at The Conference Board. "Consumers' assessment of current
conditions remained at a 16-year high (July 2001, 151.3) and their
expectations for the short-term outlook improved somewhat after
cooling last month. Overall, consumers foresee the current economic
expansion continuing well into the second half of this year."
Consumers' assessment of current conditions improved in July.
Those saying business conditions are "good" increased from 30.6
percent to 33.3 percent, while those saying business conditions are
"bad" was virtually unchanged at 13.5 percent. Consumers' appraisal
of the labor market was also more favorable. Those stating jobs are
"plentiful" rose from 32.0 percent to 34.1 percent, while those
claiming jobs are "hard to get" decreased slightly from 18.4
percent to 18.0 percent.
Consumers were also more optimistic about the short-term outlook
in July. The percentage of consumers expecting business conditions
to improve over the next six months increased from 20.1 percent to
22.9 percent, while those expecting business conditions to worsen
declined from 10.0 percent to 8.2 percent.
Consumers' outlook for the labor market improved. The proportion
expecting more jobs in the months ahead was unchanged at 19.2
percent, but those anticipating fewer jobs decreased from 14.6
percent to 13.3 percent. Consumers, however, were not as upbeat
about their income prospects as in June. The percentage of
consumers expecting an improvement in their income declined
moderately from 20.9 percent to 20.0 percent, while the proportion
expecting a decline increased from 9.3 percent to 10.0 percent.
Source: July 2017 Consumer Confidence Survey(R)
The Conference Board
The Conference Board publishes the Consumer Confidence Index(R)
, at 10 a.m. ET on the last Tuesday of every month. Subscription
information and the technical notes to this series are available on
The Conference Board website:
https://www.conference-board.org/data/consumerdata.cfm.
ABOUT THE CONFERENCE BOARD
The Conference Board is a global, independent business
membership and research association working in the public interest.
Our mission is unique: To provide the world's leading organizations
with the practical knowledge they need to improve their performance
and better serve society. Winner of the Consensus Economics 2016
Forecast Accuracy Award (U.S.), The Conference Board is a
non-advocacy, not-for-profit entity holding 501 (c) (3) tax-exempt
status in the United States. www.conference-board.org
ABOUT NIELSEN
Nielsen Holdings plc (NYSE: NLSN) is a global performance
management company that provides a comprehensive understanding of
what consumers watch and buy. Nielsen's Watch segment provides
media and advertising clients with Total Audience measurement
services for all devices on which content -- video, audio and text
-- is consumed. The Buy segment offers consumer packaged goods
manufacturers and retailers the industry's only global view of
retail performance measurement. By integrating information from its
Watch and Buy segments and other data sources, Nielsen also
provides its clients with analytics that help improve performance.
Nielsen, an S&P 500 company, has operations in over 100
countries, covering more than 90 percent of the world's population.
For more information, visit www.nielsen.com.
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SOURCE The Conference Board
/CONTACT: Carol Courter, (212) 339-0232 /
courter@conference-board.org, Jonathan Liu, (212) 339-0257 /
jonathan.liu@conference-board.org
/Web site: http://www.conference-board.org
(END) Dow Jones Newswires
July 25, 2017 10:15 ET (14:15 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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