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Consumer confidence surveys: can they help us forecast consumer spending in real time?

Author

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  • Dean Croushore

Abstract

In ?Consumer Confidence Surveys: Can They Help Us Forecast Consumer Spending in Real Time?,? Dean Croushore uses the Philadelphia Fed?s real-time data set to investigate an important question: Does using data available to forecasters at the time ? that is, real-time data ? make measures of consumer confidence more valuable for forecasting?

Suggested Citation

  • Dean Croushore, 2006. "Consumer confidence surveys: can they help us forecast consumer spending in real time?," Business Review, Federal Reserve Bank of Philadelphia, issue Q3, pages 1-9.
    • Handle: RePEc:fip:fedpbr:y:2006:i:q3:p:1-9
    as

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    File URL: https://www.philadelphiafed.org/-/media/frbp/assets/economy/articles/business-review/2006/q3/br_q3-2006-1_consumer_confidence.pdf
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    References listed on IDEAS

    as
    1. Carroll, Christopher D & Fuhrer, Jeffrey C & Wilcox, David W, 1994. "Does Consumer Sentiment Forecast Household Spending? If So, Why?," American Economic Review, American Economic Association, vol. 84(5), pages 1397-1408, December.
    2. Croushore, Dean & Stark, Tom, 2001. "A real-time data set for macroeconomists," Journal of Econometrics, Elsevier, vol. 105(1), pages 111-130, November.
    3. Sydney C. Ludvigson, 2004. "Consumer Confidence and Consumer Spending," Journal of Economic Perspectives, American Economic Association, vol. 18(2), pages 29-50, Spring.
    4. Croushore, Dean, 2005. "Do consumer-confidence indexes help forecast consumer spending in real time?," The North American Journal of Economics and Finance, Elsevier, vol. 16(3), pages 435-450, December.
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    Cited by:

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    Keywords

    Consumer surveys; Consumer behavior;

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