Index of Consumer Confidence
Updated: April 18, 2024
Consumer Confidence Sees Four Consecutive Months of Growth
Households could be getting some relief from interest rates soon, correlating to higher confidence. Despite inflation rates still above the Bank of Canada’s 2.0 per cent target, goods price inflation continues to moderate, with the Bank’s data pointing to the economy being in modest excess supply.
April 18, 2024 • 10-min read
1.6 points to 67.8
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The Index of Consumer Confidence is based on the Conference Board’s survey of Canadian households. It tracks consumers’ levels of optimism regarding current economic conditions, personal financial positions, short-term employment outlook, and making major purchases—as well as their expectations for the coming six months.
This index is a crucial indicator of near-term sales for companies in the consumer products sector.
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