Business and Consumer confidence - USA - 1989 - 2023

The following article provides an analysis of Consumer (CCI) and Business (BCI) confidence index in the US since January 1989.

The data is from the Organisation for Economic Co-operation and Development OECD.

Consumer confidence index (CCI)

The below graph ¹ shows how the Consumer confidence Index has evolved since January 1989.

Code is available here.

Indicator definition

This consumer confidence indicator provides an indication of future developments of households’ consumption and saving, based upon answers regarding their expected financial situation, their sentiment about the general economic situation, unemployment and capability of savings. An indicator above 100 signals a boost in the consumers’ confidence towards the future economic situation, as a consequence of which they are less prone to save, and more inclined to spend money on major purchases in the next 12 months. Values below 100 indicate a pessimistic attitude towards future developments in the economy, possibly resulting in a tendency to save more and consume less.

Business confidence index (BCI)

The below graph ¹ shows how the Business confidence Index has evolved since January 1989.

Code is available here.

Indicator definition

This business confidence indicator provides information on future developments, based upon opinion surveys on developments in production, orders and stocks of finished goods in the industry sector. It can be used to monitor output growth and to anticipate turning points in economic activity. Numbers above 100 suggest an increased confidence in near future business performance, and numbers below 100 indicate pessimism towards future performance..

Business and Consumer confidence index (BCI)

The below graph ¹ shows how the Business and Consumer confidence Index has evolved since January 1989.

Code is available here.

Code, questions and feedback

The code for this article is published in my github account.

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Thank you very much for your time in reading the article.

¹ Note: Data from Organisation for Economic Co-operation and Development OECD