Canadian Index of Consumer Confidence

Canadian Index of Consumer Confidence

The Canadian Index of Consumer Confidence (ICC) is an indicator designed to measure consumer confidence, which is defined as the degree of optimism on the state of the economy that consumers are expressing through their activities of savings and spending. In Canada consumer confidence is issued monthly by The Conference Board of Canada, an independent research organization, and is based telephone survey of 2,000 households.

Questions

The Index of Consumer Confidence survey is based on four attitudinal questions. Data is collected on each respondent's age, sex, marital status, occupation and geographic location of residence. The four questions are:

  1. Considering everything, would you say that your family is better or worse off financially than six months ago?
  2. Again, considering everything, do you think that your family will be better off, the same or worse off financially six months from now?
  3. How do you feel the job situation and overall employment will be in this community six months from now?
  4. Do you think that right now is a good or bad time for the average person to make a major outlay for items such as a home, car or other major item?

Methology

The percentage of respondents who stated positive and negative opinions is calculated by question for each of the socio-economic and regional classifications as well as for the national aggregate. Positive opinions are beliefs that a consumer's financial situation improved over the past six months or will improve over the next six months, that more jobs will be available over the near term or that it is a good time to make a major purchase. Negative responses are defined as a worsening of a household's financial situation over the previous six months, expectations that the financial position or the number of jobs will worsen over the near term, as well as statements indicating that it is a bad time to make a major purchase.

Each Index of Consumer Confidence is then derived by adding the percentage of positive responses, subtracting the percentage of negative responses, adding a scalar equal to 400 and indexing the resulting series to a base year of 2002. The scalar is introduced to force the value of the Index to zero if all responses are negative.

External links


Wikimedia Foundation. 2010.

Игры ⚽ Поможем сделать НИР

Look at other dictionaries:

  • Consumer confidence — is an economic indicator which measures the degree of optimism that consumers feel about the overall state of the economy and their personal financial situation. How confident people feel about stability of their incomes determines their spending …   Wikipedia

  • Consumer Confidence Index — The U.S. Consumer Confidence Index (CCI) is an indicator designed to measure consumer confidence, which is defined as the degree of optimism on the state of the economy that consumers are expressing through their activities of savings and… …   Wikipedia

  • Canadian federal election, 2011 — 2008 ← members May 2, 2011 (2011 05 02) …   Wikipedia

  • Conference Board of Canada — Abbreviation CBoC Formation 1954 Type Political and economic think …   Wikipedia

  • Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… …   Universalium

  • United States — a republic in the N Western Hemisphere comprising 48 conterminous states, the District of Columbia, and Alaska in North America, and Hawaii in the N Pacific. 267,954,767; conterminous United States, 3,022,387 sq. mi. (7,827,982 sq. km); with… …   Universalium

  • Business and Industry Review — ▪ 1999 Introduction Overview        Annual Average Rates of Growth of Manufacturing Output, 1980 97, Table Pattern of Output, 1994 97, Table Index Numbers of Production, Employment, and Productivity in Manufacturing Industries, Table (For Annual… …   Universalium

  • cañada — /keuhn yah deuh, yad euh/, n. Chiefly Western U.S. 1. a dry riverbed. 2. a small, deep canyon. [1840 50; < Sp, equiv. to cañ(a) CANE + ada n. suffix] * * * Canada Introduction Canada Background: A land of vast distances and rich natural resources …   Universalium

  • Canada — /kan euh deuh/, n. a nation in N North America: a member of the Commonwealth of Nations. 29,123,194; 3,690,410 sq. mi. (9,558,160 sq. km). Cap.: Ottawa. * * * Canada Introduction Canada Background: A land of vast distances and rich natural… …   Universalium

  • United Kingdom — a kingdom in NW Europe, consisting of Great Britain and Northern Ireland: formerly comprising Great Britain and Ireland 1801 1922. 58,610,182; 94,242 sq. mi. (244,100 sq. km). Cap.: London. Abbr.: U.K. Official name, United Kingdom of Great… …   Universalium

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”