The Homa Files

Maybe the pivot off of jobs and back to healthcare will rev people up again …

P.S. A score of 90 is considered ‘passing’.

The Conference Board Consumer Confidence Index®, which had increased in January, declined sharply in February.

The Index now stands at 46.0 (1985=100), down from 56.5 in January. The Present Situation Index decreased to 19.4 from 25.2. The Expectations Index declined to 63.8 from 77.3 last month.

“Concerns about current business conditions and the job market pushed the Present Situation Index down to its lowest level in 27 years (Feb. 1983, 17.5). There are fewer consumers anticipating an improvement in business conditions and the job market over the next six months. Consumers also remain extremely pessimistic about their income prospects. This combination of earnings and job anxieties is likely to continue to curb spending.”

http://www.conference-board.org/economics/ConsumerConfidence.cfm

This entry was posted on February 24, 2010 at 7:11 am and is filed under Consumer Confidence. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.