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The Greater Washington Board of Trade’s Consumer Outlook Index, based on the Consumer Outlook Survey, indicates the degree of optimism on the state of the local economy that consumers are expressing through their perceptions about the economy and personal spending.  This value is adjusted periodically on the basis of a household survey of consumers' opinions.

Consumer spending accounts for roughly two-thirds of our economy. When consumers are reluctant to spend, the economy is affected and when they open their pocket books, the economy moves.  Many analysts believe consumer confidence is one of the most important economic predictors.

The survey is conducted for the Board of Trade by Clarus Research Group, a Washington-based research firm, and made possible through the sponsorship of Tatum LLC, a leading professional services company supporting the Office of the CFO.