This post combines the latest results of the Reuters/University of Michigan Survey of Consumers, the Conference Board’s Index of CEO Confidence and the State Street Global Markets Index of Investor Confidence indicators.
These three indicators should disclose a clear picture of the overall sense of confidence (or lack thereof) on the part of consumers, businesses and investors as the current recessionary period develops.
Today’s early release of the Reuters/University of Michigan Survey of Consumers for October indicated a decline in consumer sentiment with a reading of 69.4.
The Index of Consumer Expectations (an important component of the Conference Board’s Index of Leading Economic Indicators) decreased to 67.6.
As for the current circumstances, the Current Economic Conditions Index declined to 72.1 or 23.46% above the result seen in October 2008.
The latest quarterly results (Q3 2009) of The Conference Board’s CEO Confidence Index climbed to a value of 63 indicating that CEOs are more optimistic about their future prospects.
The September release of the State Street Global Markets Index of Investor Confidence indicated that confidence for North American institutional investors declined 4.6% since August while European confidence increased 1.6% and Asian investor confidence increased 1.3% all resulting in a decrease of 4.7% to the aggregate Global Investor Confidence Index which now rests a whopping 20.39% above the result seen last year.
The chart below (click for larger version) shows the Global Investor Confidence aggregate index.