Tuesday, February 26, 2013

USA Consumer Confidence Rises to 3-Month High

The Conference Board: Consumer Confidence Index

(The Conference Board) The Conference Board Consumer Confidence Index, which had declined in January, rebounded in February. The Index now stands at 69.6 (1985=100), up from 58.4 in January. The Present Situation Index increased to 63.3 from 56.2. The Expectations Index improved to 73.8 from 59.9 last month.

Consumer Confidence Index by Month
Current Index: 69.6
Post-Recession High: 73.1 (October 2012)
Great Recession Low: 25.3 (February 2009)
Pre-Recession High: 111.9 (July 2007)

Says Lynn Franco, Director of Economic Indicators at The Conference Board: “Consumer Confidence rebounded in February as the shock effect caused by the fiscal cliff uncertainty and payroll tax cuts appears to have abated. Consumers’ assessment of current business and labor market conditions is more positive than last month. Looking ahead, consumers are cautiously optimistic about the outlook for business and labor market conditions. Income expectations, which had turned rather negative last month, have improved modestly.”

Consumer Confidence Index by Year


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