“While consumers’ view of current business conditions worsened in February, the Present Situation Index still ticked up slightly based on a more favorable view of the availability of jobs. The decrease reflected large drops in confidence for households aged 35 to 54 and for households earning $35,000 or more,” said Ataman Ozyildirim, Senior Director, Economics at The Conference Board. “Consumer confidence declined again in February. It has been below this level for 11 of the last 12 months.
Notably, the Expectations Index has now fallen well below 80-the level which often signals a recession within the next year. The Expectations Index-based on consumers’ short-term outlook for income, business, and labor market conditions-fell further to 69.7 (1985=100) from a downwardly revised 76.0 in January. The Present Situation Index-based on consumers’ assessment of current business and labor market conditions-increased to 152.8 (1985=100) from 151.1 last month. The Index now stands at 102.9 (1985=100), down from 106.0 in January (a downward revision). The Conference Board Consumer Confidence Index® decreased in February for the second consecutive month. Worsening Expectations Weighed on Favorable View of the Present Situation Updated: Tuesday, FebruUS Consumer Confidence Declined Again in February Data are available by age, income, 9 regions, and top 8 states. This monthly report details consumer attitudes, buying intentions, vacation plans, and consumer expectations for inflation, stock prices, and interest rates. The Consumer Confidence Survey® reflects prevailing business conditions and likely developments for the months ahead. Human Capital Benchmarking & Data Analytics.2023 Annual Employee Health Care Conference - New York.2023 Annual Employee Health Care Conference - San Diego.
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