SMM7 March 28: today we focus on the Conference Board Consumer confidence Index in the United States in July.
In terms of data,
The difference in CBI retail sales in the UK in July is a leading indicator of consumer spending, as sales by retailers and wholesalers have a direct impact on consumers' buying levels. The retail sales gap is above zero, indicating an increase in consumer spending, which is good for economic growth and good news for sterling.
The July Conference Board Consumer confidence Index, released by the American Chamber of Commerce, surveyed 5000 households' views on current and future economic conditions, including labor effectiveness, business conditions and the overall economic environment. The level of consumer confidence is usually closely related to consumer spending, and this economic event will have an impact on the direction of the dollar.
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