![]() Consumers were also a bit less optimistic about their family financial situation over the next six months (a measure not included in calculating the Expectations Index). Furthermore, consumers’ assessments of their personal financial situation (a measure not included in calculating the Present Situation Index) also weakened.Ĭonsumer expectations for the next six months deteriorated in February, driven by renewed pessimism regarding future business and labor market conditions. But they are more concerned about the labor market situation and the US political environment.”Īssessments of the present situation weakened in February, as consumers’ views of both business conditions and the employment situation became less favorable. ![]() Peterson added: “February’s write-in responses revealed that while overall inflation remained the main preoccupation of consumers, they are now a bit less concerned about food and gas prices, which have eased in recent months. ![]() Confidence deteriorated for consumers under the age of 35 and those 55 and over, whereas it improved slightly for those aged 35 to 54.” “The drop in confidence was broad-based, affecting all income groups except households earning less than $15,000 and those earning more than $125,000. “The decline in consumer confidence in February interrupted a three-month rise, reflecting persistent uncertainty about the US economy,” said Dana Peterson, Chief Economist at The Conference Board. An Expectations Index reading below 80 often signals recession ahead. The Expectations Index-based on consumers’ short-term outlook for income, business, and labor market conditions-slipped to 79.8 (1985=100), down from a revised 81.5 in January. The Present Situation Index-based on consumers’ assessment of current business and labor market conditions-fell back to 147.2 (1985=100) in February from 154.9 in January. However, as January was revised downward from the preliminary reading of 114.8, the data now suggest that there was not a material breakout to the upside in confidence at the start of 2024. February’s decline in the Index occurred after three consecutive months of gains. The Conference Board Consumer Confidence Index® fell in February to 106.7 (1985=100), down from a revised 110.9 in January. Data are available by age, income, 9 regions, and top 8 states.ĭownload additional assets and data related to this report, or subscribe to US Consumer Confidence US Consumer Confidence Retreated in February Latest Press ReleaseĬonfidence Remains Range-Bound, as Dips in both Current Conditions and Expectations Halt Rising Optimism 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.24th Annual Employee Health Care Conference - New York.24th Annual Employee Health Care Conference - San Diego. ![]()
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