Canada's National Economic Confidence Index as of May 16

Statistics Canada announced the Canada's National Economic Confidence Index as of May 16 on 2025-05-20. The reported figure stands at 51.4, with the prior figure recorded as 48.6.

Regarding the Canada's National Economic Confidence Index as of May 16, The announced value is greater than the expected value, which is positive for the Canadian dollar, The Canadian National Economic Confidence Index is derived from the survey conducted by the Canadian Economic Council targeting household consumers' optimism regarding the current economic situation. It is an important indicator of short-term sales forecasts for businesses in the consumer goods sector. In the survey, participating household consumers will be asked about their views on the current and future economic and financial conditions, as well as short-term employment prospects. Additionally, respondents will be asked to assess whether the current economic environment is suitable for purchasing high-priced goods such as houses and cars.

This data holds an importance level of , calculated using The Canadian research organization Nanos conducts weekly consumer confidence tracking surveys, and updates Every week. The next release is set for 2025-05-26 20:00:00.

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