Index of Consumer Confidence
The Conference Board of Canada’s Index of Consumer Confidence rose in January. Despite the increase this month, the index remains weak compared with levels in 2017 and 2018. While the share of respondents who expect their finances to improve in six months increased, this is the second-worst showing since October 2016. Not surprisingly, given recent interest rate hikes and apparent concern over job prospects, Canadians also remain hesitant about making major purchases.
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.