CCI

It’s the last Tuesday of the month and that means the Consumer Confidence Index (CCI) is released.   The CCI is an economic indicator of well, consumer confidence.  For example, if you feel like your standard of living is increasing, you’re more likely to drive into the BMW dealership and buy a new car.  So the CCI is a gauge of financial health, spending and confidence of the average consumer, and since consumer spending accounts for ~70% of U.S. economic activity, economists watch this pretty closely.

And so for September consumers’ confidence remains weak, even weaker than what economists predicted.   WAAAAH