Consumer confidence: No great expectations

August 11, 2010

The Conference Board's Consumer Confidence Index (CCI) fell by 3.2 percent between November and December of 2000, after declining by a cumulative 7.3 percent over the previous four months. With a December 2000 CCI reading of 128.3-where average confidence during 1985 equals 100-the composite CCI was 9.5 percent lower than during December 1999.

The CCI component for future expectations, defined as six months out, fell by a sharp 5.3 percent between November and December-17.3 percent lower than three months earlier.

Commercial, industrial & institutional (CII) construction spending (Billions of current dollars)



Spending in November 2000 Percent change from November 1999 Spending in Jan.-Nov. 2000 Percent change from Jan.-Nov. 1999 1999 total spending Annual Percent Change 1999 2000 2001

CII total

$26.84

13.9%

$279.85

11.5%

$273.47

3.6%

10.2%

3.7%

Commercial

11.36

7.6

120.74

9.9

119.65

8.1

9.0

2.2

Office

4.74

19.8

48.96

14.3

46.57

10.3

12.7

7.1

Retail

5.22

-1.3

56.55

8.0

57.14

6.6

8.8

-3.7

Hotel/motel

1.40

6.9

15.23

4.1

15.94

7.6

2.6

-2.4

Industrial

4.17

49.2

37.08

15.9

34.90

-13.8

13.7

5.5

Institutional

11.31

10.7

122.03

11.8

118.92

5.4

10.3

4.7

Health care

1.74

12.1

18.01

11.9

17.59

-0.6

11.7

2.2

Education

4.94

20.2

53.78

18.0

49.51

7.8

16.3

9.5

Other institutional

4.62

1.7

50.25

5.9

51.82

5.3

6.1

4.4

Multifamily

2.40

5.4

25.79

2.9

27.26

10.9

0.8

3.7



Source: U.S. Department of Commerce; forecast: Cahners Economics

         
 

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