Index of Consumer Confidence
The Index of Consumer Confidence declined significantly in December 2018. The decline is not surprising given the challenges facing Canadian consumers. Wage growth has weakened significantly from its peak, interest rates are up, the stock market is down, and growth in house prices has been weak. As a result, 2019 will likely be a year of belt tightening for consumers, especially when it comes to major purchases, a view supported by this month’s index.
About the Index of Consumer Confidence
The Conference Board of Canada surveys Canadian consumers every month on the state of their household finances and their expectations for the coming six months. The results are available to e-Data subscribers, and analysis is available to e-Library subscribers or for a one-time fee. The Index of Consumer Confidence has been produced since 2002.