A measure of how optimistic or pessimistic consumers feel about the economy and their personal financial situation. High consumer confidence typically leads to more spending and borrowing, while low confidence leads to reduced spending. It is tracked through regular surveys and is considered a leading economic indicator.
If a consumer confidence index rises from 90 to 105, it means households feel more positive about their job security and finances. They are more likely to make major purchases like cars and homes, which helps businesses grow and hire more workers.
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