Widget Image
Follow PPD Social Media
Monday, July 15, 2024
HomeNewsEconomyConsumer Confidence Ticked Down In February

Consumer Confidence Ticked Down In February

retail sales


The Conference Board reported Tuesday that consumer confidence fell to 78.1 in February, from a downwardly revised 79.4 the month prior.

The reading that gauges activity responsible for roughly 70 percent of U.S. gross domestic product missed economists’ expectations.

Wall Street was looking for a reading of 80, which was the forecast of economists polled.

“While expectations have fluctuated over recent months, current conditions have continued to trend upward,” Lynn Franco, director of economic indicators at The Conference Board, said in a statement. “This suggests that consumers believe the economy has improved, but they do not foresee it gaining considerable momentum in the months ahead.”

The “jobs hard-to-get” index was 32.5 in February compared with a revised 32.7 in January. Consumers’ one-year inflation expectation was 5.2 percent, compared with 5.1 percent last month.

Written by

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

No comments

leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

People's Pundit Daily
You have %%pigeonMeterAvailable%% free %%pigeonCopyPage%% remaining this month. Get unlimited access and support reader-funded, independent data journalism.

Start a 14-day free trial now. Pay later!

Start Trial