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The Consumer Confidence Index (CCI) measures the degree of optimism that consumers feel about the overall state of the economy and their personal financial situation. It is based on a survey that evaluates current business conditions and expectations for the next six months. High consumer confidence is a leading indicator of future spending, which drives economic growth.
The Conference Board surveys 5,000 U.S. households each month. The index is composed of two sub-indices: the Present Situation Index and the Expectations Index, which are then averaged.
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