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Index of Consumer Confidence

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Read the December 2018 Index

Published: January 7, 2019 (web page)
By: Cory Renner

Highlights

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.

Data

GDP (%)
October 2018, CANSIM
0.3

Projected GDP Growth (%)
Q3 2018, CBoC
0.4

Employment, Canada
December 2018, CANSIM
9300

Projected Employment Growth
Q3 2018, CBoC
40,810

Merchandise Exports (%)
October 2018, CANSIM
1.2

Overnight Rate
October 2018, BoC
1.75

CPI (%, YoY)
September 2018, CANSIM
2.2

Building Permits (%, YoY)
November 2018, CANSIM
11.6

Retail Sales (%)
August 2018, CANSIM
0.1

Consumer Confidence
December 2018, CBoC
11.2

Business Confidence
Q3 2018, CBoC
0.9

Leading Index
November 2018, CBoC
0.1

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