What is 'consumer confidence'?

Question

What is 'consumer confidence'?

Answer 1

Consumer confidence is a measurement of the willingness of consumers to spend their money.

Answer 2

As TK said, it's a measurement of Consumer's Willingness to spend their money and is going to be affected by their feelings of job security, prices (especially oil), news reports, etc. The University of Michigan I believe publishes an index, as does the Conference Board.

Answer 3

That is a very good question, as consumer confidence is down to 50.4 %.  Too bad they don't say what the questions of confidence are. It's also bad that it doesn't end at 100%, as one confidence level was 111 %.  Just another contrived figure.  Have your own confidence and don't worry about it, I guess.  Be prepared for all contingencies.