Consumer Confidence Is The Highest In 19 Years

Dec 2014
18,968
7,151
The Milky Way
— Respondents. The Conference Board surveys 5,000 people; the University of Michigan polls 500.
— Breadth. Both surveys ask similar questions about current business conditions and hiring. They also ask whether those trends will get better or worse in the future. Both surveys also ask consumers if they have plans to buy big-ticket items such as cars or homes. Overall, however, the University of Michigan survey asks more questions and yields more detailed information, economists say.​
— Different impacts. Historically, the University of Michigan survey is more sensitive to changes in gas prices, says Chris Christopher, an economist at IHS Global Insight. The Conference Board's measure reacts more to changes in the job market.


How 2 US consumer confidence surveys differ


So why rely on a survey 1/10 as large and that overly relies on gas prices versus one more sensityive to the job market.
 
Jan 2016
57,388
54,216
Colorado
And that proves absolutely nothing.
Why, it PROVES that the University of Michigan Consumer Confidence Index has been in existence for more than two decades longer than the Conference Board Survey.

That's what it PROVES. DUH! DUH!
 
Jan 2016
57,388
54,216
Colorado
Sonofagun, it is right there.

The Conference Board Consumer Confidence Index is at a steadfast high, slightly declining in August to 135.1 from 135.8 in July, according to the business research group, indicating U.S. workers and consumers are confident in their economic position.

As the MSM and the Dims talk the economy down incessantly.
Well, it is a FACT that Consumer Confidence has FALLEN since Donald Trump took office, according to the University of Michigan Survey. The Index was at 98.5 in January of 2017, when Trump took office. It is now at 92.1, and I hope, perhaps in vain, that you understand that 92.1 is LESS than 98.5...….
 
Jul 2019
1,889
589
Toronto
One that has produced some remarkable results for everyoine.
More than one can say for Barry.

Oh...and people who like to dictate speech, cannot be trusted what so ever.
 
Dec 2014
18,968
7,151
The Milky Way
Why, it PROVES that the University of Michigan Consumer Confidence Index has been in existence for more than two decades longer than the Conference Board Survey.

That's what it PROVES. DUH! DUH!


And that clearly proves nothing.
 

Libertine

Moderator
Apr 2015
17,133
3,539
Katmandu
You are the person who is LYING here, Libertine. The University of Michigan Consumer Confidence Index dates back to the EARLY 1950's, while the Conference Board Survey did not begin until the LATE 1970's. These are easily checkable facts, but we know that you are simply ALLERGIC to facts. If the Fed thought the Conference Board Survey was that important to track, why, they would make that purchase. Duh.
UofM consumer sentiment started 1952, based of a telephone survey of 500 calls.
Confidence Board founded 1916, Consumer Confidence Index started 1967, based on a survey of 5,000 households.