Index of Consumer Confidence
Updated: September 23, 2024
Index of Consumer Confidence Drops in August
The August survey results indicate that Canadians continue to have a negative outlook regarding their finances. The two consecutive key interest rate cuts by the Bank of Canada have not changed much so far for households’ financial situations as they are still feeling the burden of accumulated debt levels.
September 23, 2024 • 8-min read
0.1 point to 67.1
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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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