Consumer Confidence Index Fell Sharply by 23 Points to -6.4 Points in Q1 2018

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Friday, April 20, 2018 /12:25 PM  FDC 

The consumer confidence index (CCI) fell sharply by 23points to -6.4points in Q1’18, driven by consumers’ perception of deteriorating economic conditions and declining disposable income.
 

Ironically, the CCI is declining at a time when the PMI, a measure of investor optimism, is increasing (59.4points).
 

The explanation for this anomaly is that CCI is a lagging indicator whilst the latter is a leading indicator. In a few weeks when the Q1’18 GDP numbers are released, these contradictions should be laid to rest.
 

The attached slides contain a snapshot of recent commodity market movements and burning economic issues.
 

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

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