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Meaning of “consumer confidence index” in the English Dictionary

"consumer confidence index" in Business English

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consumer confidence indexnoun [C]

uk   us   ECONOMICS
a system that measures the current level of consumer confidence against a fixed standard or the previous level: Nationally, the consumer confidence index fell to 99.8 in September, its lowest level in nearly two years.
(Definition of consumer confidence index from the Cambridge Business English Dictionary © Cambridge University Press)
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