Consumer confidence index

The Consumer Confidence Index (CCI) is a measure that reflects how optimistic or pessimistic consumers feel about the economy. It surveys households on their current financial situation and their expectations for the future, such as job prospects and income. A higher CCI indicates that people are more confident and likely to spend money, which can stimulate economic growth. Conversely, a lower CCI suggests caution, leading to reduced spending and potential economic slowdown. The CCI is an important indicator used by economists and policymakers to gauge consumer sentiment and economic trends.