Terms

  1. Home
  2. Terms
  3. Economic Indicator
  4. Consumer Confidence Reports

Consumer Confidence Reports

Abbreviation
CCR
Parent term
Economic Indicator
A Consumer Confidence Report (CCR) is an annual water quality report done by community water systems that provides information on your local drinking water quality, or any risks associated with water contaminants. The EPA requires most public water suppliers to provide CCRs to determine their water quality report, providing Americans information about their local drinking water quality. A centerpiece of the right-to-know provisions in the 1996 Amendments to the Safe Drinking Water Act, a CCR contains a brief summary of the risk of contamination of the local drinking water source, water system information, source of water, and other required educational information.

  • Often used as a reason to suggest that markets will rise higher
  • However, these actually tend to be lagging indicators
    • Consumer confidence tends to increase when  markets go up
    • High consumer confidence levels may actually server as an indicator of a bubble

Warnings and Disclaimers

The information contained herein is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. It is not designed to meet your personal financial situation - we are not investment advisors nor do we give personalized investment advice. The opinions expressed herein are those of the publisher and are subject to change without notice. It may become outdated an there is no obligation to update any such information.

Copyright Finnotes.org © 2018 - 2020