Index of Consumer Confidence: December 2018
The Conference Board of Canada
January 7, 2019
The monthly Index of Consumer Confidence is constructed from responses to four attitudinal questions posed to a random sample of Canadian households.
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.