February 2019 Conference Board Consumer Confidence Improves

The latest Conference Board Consumer Confidence Index's headline number is 131.4 (1985=100), up from 121.7 in January.

Analyst Opinion of Conference Board Consumer Confidence

Consumer confidence had been on a multi-year upswing. The current volatility is showing uncertainty by consumers.

The consensus range from Econoday was 119.0 to 127.2 (consensus 124.5). This month's index is based on data collected through February 15.

(Click on image to enlarge)

Per Lynn Franco, Director of Economic Indicators at The Conference Board:

Consumer Confidence rebounded in February, following three months of consecutive declines. The Present Situation Index improved, as consumers continue to view both business and labor market conditions favorably. Expectations, which had been negatively impacted in recent months by financial market volatility and the government shutdown, recovered in February. Looking ahead, consumers expect the economy to continue expanding. However, according to The Conference Board's economic forecasts, the pace of expansion is expected to moderate in 2019.

Caveats Relating to CB Consumer Confidence

From the Conference Board:

The monthly Consumer Confidence Survey®, based on a probability-design random sample, is conducted for The Conference Board by Nielsen, a leading global provider of information and analytics around what consumers buy and watch.

Nielsen Holdings plc (NYSE: NLSN) is a global performance management company that provides a comprehensive understanding of what consumers watch and buy. Nielsen's Watch segment provides media and advertising clients with Total Audience measurement services for all devices on which content — video, audio and text — is consumed. The Buy segment offers consumer packaged goods manufacturers and retailers the industry's only global view of retail performance measurement. By integrating information from its Watch and Buy segments and other data sources, Nielsen also provides its clients with analytics that help improve performance. Nielsen, an S&P 500 company, has operations in over 100 countries, covering more than 90 percent of the world's population. For more information, visit www.nielsen.com.

1 2
View single page >> |

Disclaimer: No content is to be construed as investment advise and all content is provided for informational purposes only.The reader is solely responsible for determining whether any investment, ...

more
How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.