Consumer Confidence Index (CCI)

The Consumer Confidence Index (CCI) is a measure that reflects how optimistic or pessimistic consumers feel about the economy's current and future state. It is calculated based on surveys where people are asked about their financial situation, job prospects, and overall economic conditions. A higher CCI indicates that consumers feel positive, which often leads to increased spending, while a lower CCI suggests they are more cautious, potentially leading to reduced spending. This index serves as an important economic indicator, helping businesses and policymakers understand consumer sentiment and make informed decisions.