A measure of Consumer optimism toward current Economic conditions. The Consumer confidence Index was arbitrarily set at 100 in 1985 and is adjusted monthly on the Basis of a survey of about 5,000 households. The Index considers Consumer opinion on both current conditions (40% of the index) and future expectations (the other 60%). The Consumer Confidence Index is closely watched because many economists consider Consumer optimism an important Indicator of the future health of the Economy.
