Consumer Confidence is the measurement of how households feel about the economy.
1. Business owners, government, politicians, and economists would like to know the consumer confidence of people in the economy.
2. The statistic is collected by 5,000 households by The Conference Board every month.
3. Recently, the month of march has increased after dropping in february. March's consumer confidence is 52.0 compared to february's 46.4 consumer confidence which is compared to the 1985 consumer confidence which was 100. This number usually correlates with how the economy is doing, like when the house market crahsed, the consumer confidence of the nation fell also.
[I think this is okay now; there seemed to be an extra space in the address CAS. This hyperlink thing does not work, or when i do add link, the link does not show at all on my post, i have no clue how to fix it.]