Index of Consumer Confidence Definition
The Index of Consumer Confidence is issued periodically by The Conference Board, an independent economic research organization. It measures how consumers feel about the United States economy.
It is an index started in 1985 at 100 and is normalised based on the Consumer Confidence level when it began. The Conference Board declares a recession whenever there are two or more consecutive quarters with confidence levels below 100.
Other consumer price indexes are issued that measure other populations.