Other Measures of Consumer Confidence in The United States
In addition to the Conference Board's CCI, other survey-based indices attempt to track consumer confidence in the U.S.:
- The University of Michigan Consumer Sentiment Index (MCSI) is a consumer confidence index published monthly by the University of Michigan. It uses an ongoing, nationally representative survey based on telephonic household interviews to gather information on consumer expectations regarding the overall economy.
- The Washington Post-ABC News Consumer Comfort Index is a consumer confidence index based on telephone interviews with 1,000 randomly selected adults over the previous four-week period. It asks respondents "to rate the condition of the national economy, the state of their personal finances and whether now is a good time to buy things".
Given the potential for sampling biases of individual survey reports, researchers and investors try sometimes to average the values of different index reports into a single aggregated measure of consumer confidence.
Read more about this topic: Consumer Confidence Index
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