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Correlations:Bloomberg® CCI and Other Indicators
-5
5
15
25
35
45
55
65
75
85
20172015201320112009200720052003200119991998199619941992199019881986
Bloomberg
Consumer Comfort IndexWeekly tracking results since December 1985
Recession
7/90
Recession
3/01
Average
Recession
12/07
-6000
-4000
-2000
0
2000
4000
6000
0
10
20
30
40
50
60
70
80
No
v-1
7
Oc
t-1
6
Se
p-1
5
Au
g-1
4
Ju
l-1
3
Ju
n-1
2
Ma
y-1
1
Ap
r-1
0
Ma
r-0
9
Fe
b-0
8
Ja
n-0
7
De
c-0
5
No
v-0
4
Oc
t-0
3
Se
p-0
2
Au
g-0
1
Ju
l-0
0
Ju
n-9
9
Ma
y-9
8
Ap
r-9
7
Mar-
96
Feb
-95
Ja
n-9
4
De
c-9
2
No
v-9
1
Oc
t-9
0
Se
p-8
9
Au
g-8
8
Ju
l-8
7
Ju
n-8
6
Monthly CCI
Dow, detrended
Bloomberg CCI
and the Dow Jones Industrial Average
Correlation (shown): .75
88
90
92
94
96
98
100
10
20
30
40
50
60
70
80
No
v-1
7
Se
p-1
6
Ju
l-15
Ma
y-1
4
Ma
r-1
3
Ja
n-1
2
No
v-1
0
Se
p-0
9
Ju
l-0
8
Ma
y-0
7
Ma
r-0
6
Ja
n-0
5
No
v-0
3
Se
p-0
2
Ju
l-0
1
Ma
y-0
0
Mar-
99
Ja
n-9
8
No
v-9
6
Se
p-9
5
Ju
l-9
4
Ma
y-9
3
Ma
r-9
2
Ja
n-9
1
No
v-8
9
Se
p-8
8
Ju
l-8
7
Ma
y-8
6
Monthly CCI
Employment rate
Bloomberg CCI
and the Employment Rate
Correlation (shown): .79
Lag Corr (6 mo): .82
4
6
8
10
12
14
16
18
20 0
10
20
30
40
50
60
70
80
No
v-1
7A
pr-
17
Se
p-1
6F
eb
-16
Ju
l-1
5D
ec
-15
Ma
y-1
4O
ct-
13
Ma
r-1
3A
ug
-12
Ja
n-1
2J
un
-11
No
v-1
0A
pr-
10
Se
p-0
9F
eb
-09
Ju
l-0
8D
ec
-07
Ma
y-0
7O
ct-
06
Ma
r-0
6A
ug
-05
Ja
n-0
5J
un
-04
No
v-0
3A
pr-
03
Se
p-0
2F
eb
-02
Ju
l-0
1D
ec
-00
Ma
y-0
0O
ct-
99
Ma
r-9
9A
ug
-98
Ja
n-9
8J
un
-97
No
v-9
6A
pr-
96
Se
p-9
5F
eb
-95
Ju
l-9
4
Monthly CCI
U6 rate
Bloomberg CCI and U6(CCI reverse scale)
Correlation (shown): -.84
Lag Corr (6 mo):-.87
-11000
-6000
-1000
4000
9000
14000
0
10
20
30
40
50
60
70
80
90
100
No
v-1
7
Se
p-1
6
Ju
l-15
Ma
y-1
4
Ma
r-1
3
Ja
n-1
2
No
v-1
0
Se
p-0
9
Ju
l-0
8
Ma
y-0
7
Mar-
06
Ja
n-0
5
No
v-0
3
Se
p-0
2
Ju
l-0
1
Ma
y-0
0
Ma
r-9
9
Ja
n-9
8
No
v-9
6
Se
p-9
5
Ju
l-9
4
Ma
y-9
3
Ma
r-9
2
Ja
n-9
1
No
v-8
9
Se
p-8
8
Ju
l-8
7
Ma
y-8
6
Monthly CCI
Detrended non-farm payroll
Bloomberg CCI
and Non-Farm Payroll
Correlation (shown): .72
Lag Corr (6 mo): .81
50
60
70
80
90
100
110
120
130
20
30
40
50
60
70
80
Monthly CCI
Michigan Sentiment Index
Bloomberg CCI
and U. Michigan Full Index
Correlation: .89
Bloomberg CCI
and U. Michigan Full Index
0
20
40
60
80
100
120
140
160
180
200
0
10
20
30
40
50
60
70
80
Monthly CCI
CB Confidence Index
Bloomberg CCI
and Conference Board Full Index
Correlation: .93
Bloomberg CCI
and Conference Board Full Index
0
10
20
30
40
50
60
70
80
90
100
0
10
20
30
40
50
60
70
80
No
v-1
7
De
c-1
6
Ja
n-1
6
Feb
-15
Ma
r-1
4
Ap
r-1
3
Ma
y-1
2
Ju
n-1
1
Ju
l-1
0
Au
g-0
9
Se
p-0
8
Oc
t-0
7
No
v-0
6
De
c-0
5
Ja
n-0
5
Fe
b-0
4
Ma
r-0
3
Ap
r-0
2
Ma
y-0
1
Ju
n-0
0
Ju
l-9
9
Au
g-9
8
Se
p-9
7
Oc
t-9
6
No
v-9
5
De
c-9
4
Ja
n-9
4
Fe
b-9
3
Mar-
92
Ap
r-9
1
Ma
y-9
0
Ju
n-8
9
Ju
l-8
8
Monthly CCI
NAHB Housing Market Index
Bloomberg CCI
and the NAHB Housing Market Index
Correlation: .69
Bloomberg CCI
and the NAHB Housing Market Index
80%
82%
84%
86%
88%
90%
92%
94%
96%
98%
100%
20
30
40
50
60
70
80
2016201420122010200820062004200220001998199619941992199019881986
Axis Title
CCI yearly average
Re-election rate
Consumer Comfort and House Re-election RateBloomberg Consumer Comfort Index
Correlation: .72
