Conference Board Consumer Confidence Index was released this morning based on data collected through January 18. The 60.6 reading was significantly above the consensus estimate of 53.5, according to Briefing.com. Bloomberg had expected a rise to 54 based on a survey range from 50 to 57.3.
The University of Michigan Consumer Sentiment Index is strongest of consumer and small business indexes, but all remain at or near lows of previous recessions.
The Conference Board Consumer Confidence Index, released this morning based on data collected through December 20, was 52.5 reading, well below consensus estimates.
Consumer Confidence is a rear-view mirror of public perception. The University of Michigan and Conference Board survey results are both improving but remain below most readings of the past decade.
A wide variety of indicators from consumer confidence to ISM surveys are vacillating, creating economic uncertainty. The EconIntersect Economic Indicator (EEI) issued a recession watch this week as vacilating indicators continued to weaken.