The Bloomberg Consumer Comfort Index (CCI) is a weekly, probability-based survey of consumer attitudes conducted continuously since December 1985. Owned and produced by Langer Research Associates, the CCI has been branded by Bloomberg L.P. since 2011.
The index is closely followed for its high frequency measurement of the American public’s economic attitudes, long-term historical trend and concurrent and predictive validity in relation to a variety of other economic indicators. This paper extends previous research by describing the CCI’s utility in predicting other economic indicators, with personal expenditures as a test; and its potential relationship with stock market prices. CONT.
Pavle Gegaj, Gary Langer & Julie E. Phelan, Langer Research Associates