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February 23, 2022 | Quick Take
The Conference Board Consumer Confidence Index® fell slightly in February, after a decrease in January. The Index now stands at 110.5 (1985=100), down from 111.1 in January.
The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—improved, suggesting the economy continued to expand in Q1 but did not gain momentum. The Expectations Index—based on consumers’ short-term outlook for income, business, and labor market conditions— weakened further, pointing to a likely moderation in growth over the first half of 2022.
Meanwhile, concerns about inflation rose again in February, after posting back-to-back declines. Despite this reversal, consumers remain relatively confident about short-term growth prospects. While they do not expect the economy to pick up steam in the near future, they also do not foresee conditions worsening. Nevertheless, confidence and consumer spending will continue to face headwinds from rising prices in the coming months.
For more information about the latest reading of the Consumer Confidence Index®, please visit our website.
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All release times displayed are Eastern Time
Note: Due to the US federal government shutdown, all further releases for The Conference Board Employment Trends Index™ (ETI), The Conference Board-Lightcast Help Wanted OnLine® Index (HWOL Index), The Conference Board Leading Economic Index® of the US (US LEI) and The Conference Board Global Leading Economic Index® (Global LEI) data may be delayed. TCB will resume publication once updated US federal government data are released.
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