The CCI

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Closely followed from the halls of the Fed to the canyons of Wall Street, the Bloomberg® Consumer Comfort Index™ tracks the public’s economic attitudes each week, providing an early, accurate and high-frequency read on consumer sentiment since 1985. Mark Zandi, chief economist of Moody’s Analytics, has called it one of his “five favorite economic indicators.”

Langer Research Associates produces the index under a branding agreement with Bloomberg Finance L.P. Released each Thursday at 9:45 a.m., results of the index are reported by Bloomberg News each week and are made available to Bloomberg Professional service subscribers at COMF < GO >. Our weekly analyses and a fuller range of underlying CCI data are available on a subscription basis.

The index, based on cell and landline telephone interviews with a random, representative national sample of U.S. adults, tracks Americans’ ratings of the national economy, their personal finances and the buying climate on a weekly basis, with views of the economy’s direction measured separately each month. Our analyses show strong relationships between the index and a variety of key economic indicators, including on a time-lagged basis, as well as indicating its utility in modeling applications by economists, traders and retailers alike.

Click here for a brief fact sheet.

 

Subscribing to the CCI

Consumer Comfort Index analyses and data are available by annual subscription, through three distribution methods: Direct to your inbox from Langer Research Associates, as a part of your FactSet Research Systems feed or as part of your IHS Global Insight feed. Each week, subscribers receive exclusive access to the most updated versions of:

  • A detailed analysis of key changes and trends based on the most recent CCI data, including subindex and demographic variables (sample).
  • A spreadsheet with the weekly index and subindex values since late 1985, and the full index by 11 demographic variables in 37 categories since mid-1990 (sample).

The analyses and spreadsheet may be subscribed to separately or as a package. Visit our store to view all options and pricing information.

Subscriptions to weekly crosstabs (sample) and the CCI dataset in SPSS format (sample) are also available by individual arrangement. Ideal for the most robust, targeted predictive modeling, the dataset includes individual respondent-level results since mid-2008, including further subgroup variables (e.g., state and Census division). For more information, please contact us at info@langerresearch.com.

 

Additional Resources

Charts showing correlations between the index and other economic indicators are available for your review below.

Additional analysis includes:

  • A paper we presented at the annual conference of the American Association for Public Opinion Research in May 2014, examining the CCI’s potential contribution as a trading signal and as an added variable to traditional models predicting personal expenditures.
  • A May 2011 AAPOR paper by Julie E. Phelan and Gary Langer on the concurrent and predictive validity of the CCI.
  • A May 2013 AAPOR paper by Phelan and Langer on the addition of cell phone and Spanish-language interviews to the CCI survey.
  • paper by Daniel M. Merkle, Langer and Dalia Sussman, presented at the AAPOR conference in May 2003, on the CCI’s relationship with other, less frequent consumer sentiment indices and other economic indicators.

The Bloomberg Consumer Comfort Index is produced by Langer Research Associates LLC (Langer). CONSUMER COMFORT INDEX ™ is a trademark or service mark of Langer. BLOOMBERG ® is a trademark or service mark of Bloomberg Finance L.P. Bloomberg Finance L.P. and its affiliates (collectively, “Bloomberg”) or Bloomberg’s licensors own all proprietary right in such mark. Neither Langer nor Bloomberg guarantees the timeliness, accuracy or completeness of any data or information relating to the Bloomberg Consumer Comfort Index. Langer and Bloomberg make no warranty, express or implied, as to the Bloomberg Consumer Comfort Index or any data or values relating thereto or results to be obtained therefrom, and expressly disclaim all warranties of merchantability and fitness for a particular purpose with respect thereto. To the maximum extent allowed by law, Langer, Bloomberg, their licensors, and their respective employees, contractors, agents, suppliers and vendors shall have no liability or responsibility whatsoever for any injury or damages – whether direct, indirect, consequential, incidental, punitive or otherwise – arising in connection with the Bloomberg Consumer Comfort Index or any data or values relating thereto – whether arising from their negligence or otherwise. Nothing in the Bloomberg Consumer Comfort Index shall constitute or be construed as an offering of financial instruments or as investment advice or investment recommendations (i.e., recommendations as to whether or not to “buy,” “sell,” “hold” or to enter or not to enter into any other transaction involving any specific interest or interests) by Langer, Bloomberg or its affiliates or a recommendation as to an investment or other strategy by Langer, Bloomberg or its affiliates.

 

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