Index of Consumer Confidence
Updated: December 10, 2024
Labour Market Weakness Drains the Consumer Confidence
October CPI data showed a 2.0 per cent year-over-year increase in inflation, up 0.4 basis points from last month. Core inflation (excluding food and energy) increased 2.3 per cent on an annual basis, the weakest increase so far this year.
December 10, 2024 • 8-min read
1.3 points to 70.0
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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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