The Conference Board Consumer Confidence Index Increased in January
28 Jan. 2020
Consumers Will Continue to Drive Growth and Prevent Economy from Slowing in Early 2020The Conference Board Consumer Confidence Index® increased in January, following a moderate increase in December. The Index now stands at 131.6 (1985=100), up from 128.2 (an upward revision) in December. The Present Situation Index – based on consumers’ assessment of current business and labor market conditions – increased from 170.5 to 175.3. The Expectations Index – based on consumers’ short-term outlook for income, business and labor market conditions – increased from 100.0 last month to 102.5 this month.
“Consumer confidence increased in January, following a moderate advance in December, driven primarily by a more positive assessment of the current job market and increased optimism about future job prospects,” said Lynn Franco, Senior Director, Economic Indicators, at The Conference Board. “Optimism about the labor market should continue to support confidence in the short-term and, as a result, consumers will continue driving growth and prevent the economy from slowing in early 2020.”
The monthly Consumer Confidence Survey®, 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 January 15.
Consumers’ assessment of current conditions improved in January. Those claiming business conditions are “good” increased from 39.0 percent to 40.8 percent, while those claiming business conditions are “bad” decreased, from 11.0 percent to 10.4 percent. Consumers’ appraisal of the job market also improved. Those saying jobs are “plentiful” increased from 46.5 percent to 49.0 percent, while those claiming jobs are “hard to get” declined, from 13.0 percent to 11.6 percent.
Consumers were also more optimistic about the short-term outlook. The percentage of consumers expecting business conditions will improve over the next six months was virtually unchanged at 18.8 percent, while those expecting business conditions will worsen declined from 8.8 percent to 8.4 percent.
Consumers’ outlook for the labor market was more upbeat. The proportion expecting more jobs in the months ahead increased from 15.5 percent to 17.2 percent, while those anticipating fewer jobs declined from 13.9 percent to 13.4 percent. Regarding their short-term income prospects, the percentage of consumers expecting an improvement declined from 22.7 percent to 22.0 percent, while the proportion expecting a decrease was virtually unchanged at 7.7 percent.
2020年初，消費者將繼續推動增長並防止經濟放緩，在12月份小幅增長之後，1月份的會議委員會消費者信心指數®有所提高。該指數目前為131.6（1985 = 100），高於12月的128.2（向上修正）。根據消費者對當前商業和勞動力市場狀況的評估，現狀指數從170.5增加到175.3。基於消費者對收入，商業和勞動力市場狀況的短期前景的預期指數從上個月的100.0增加到本月的102.5。
尼爾森（The Nielsen）為會議委員會（Conference Board）進行了每月一次的消費者信心調查（Consumer ConfidenceSurvey®），該調查是由概率設計隨機抽樣得出的，尼爾森是一家圍繞消費者購買和觀看商品的信息和分析的全球領先提供商。初步結果的截止日期是1月15日。