Sunday, May 27, 2012
Major US Economic Indices from March, April 2012 reports
CPI = A consumer price index (CPI) measures changes in the price level of consumer goods and services purchased by households. The CPI in the United States is defined by the Bureau of Labor Statistics as "a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services
CCI = The U.S. Consumer Confidence Index (CCI) is an indicator designed to measure consumer confidence, which is defined as the degree of optimism on the state of the economy that consumers are expressing through their activities of savings and spending.
Expectations Index= A sub-index that measures overall consumer sentiments toward the short-term (6-month) future economic situation, and is used to derive (about 60% of) the Consumer Confidence Index, a widely used economic indicator.
Present Situation Index = A subindex that measures overall consumer sentiments toward the present economic situation and is used to derive (about 40% of) the Consumer Confidence Index, a widely used economic indicator.
ISM Manufacturing Index = an index based on surveys of more than 300 manufacturing firms by the Institute of Supply Management. The ISM Manufacturing Index monitors employment, production inventories, new orders and supplier deliveries. A composite diffusion index is created that monitors conditions in national manufacturing based on the data from these surveys
Sources:
www.cnn.com
www.investopedia.com
www.wiki.com
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