Consumer Confidence Index Release Delayed Until Thursday
In a perfect world, independent business analyst The Conference Board would have released its monthly Consumer Confidence Index report today at 10:30 a.m. Eastern. Unfortunately, the world isn't perfect -- it's downright soaked, and pretty windy to boot -- at least on the East Coast.
The Conference Board announced yesterday that it would postpone the release of information until 10 a.m. Thursday.
"We've made this decision to assure the safety of our staff and all who follow the Consumer Confidence Index, as well as ensure the distribution of the report remains fair and open," said Lynn Franco, director of economic indicators at The Conference Board.
Last month's report showed a nine-point uptick as consumer confidence bounced back from an August decline. Thursday's report could reverse the trend again, however. On Oct. 4, the CEO Confidence report, a sister report to the CCI that comes out quarterly, showed a five-point decline, from 47 to 42, reflecting increasing pessimism among America's corporate leaders, and ongoing concern about the strength of the economy.
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