Consumer confidence indicators(CCI) serve as a veritable tool for providing useful information to policy makers … of consumers in their expectations about the general state of the economy, even if their pessimism were not based on … economic fundamentals. This study evaluated the predictive ability of the CCI in forecasting economic fluctuations in Nigeria …

performance in forecasting macroeconomic variables and in matching survey forecasts. Our results indicate a great degree of …. Calibrations to match survey forecasts are found to be lower than those derived according to the forecasting performance …

best overall performance both in terms of forecasting accuracy and in matching (future) survey forecasts. …