Consumer Confidence Dips for February

Before you go, we thought you'd like these...
Before you go close icon

Consumers are less confident this month, according to the Conference Board's February Consumer Confidence Index released today. 

After reaching a revised 79.4 points in January, the index fell 1.6% to 78.1 for February. Analysts were slightly disappointed, having expected confidence to edge down to 80.1 from January's unrevised 80.7 reading. The index uses 1985 as its 100-point benchmark.

"Consumer confidence declined moderately in February, on concern over the short-term outlook for business conditions, jobs, and earnings," said Conference Board Director of Economic Indicators Lynn Franco in a statement today. "While expectations have fluctuated over recent months, current conditions have continued to trend upward and the Present Situation Index is now at its highest level in almost six years (April 2008, 81.9). This suggests that consumers believe the economy has improved, but they do not foresee it gaining considerable momentum in the months ahead."

The index is comprised of responses from a random sample of consumers. In this latest report, consumers edged closer to overall optimism on current conditions, with 21.5% claiming business conditions are "good," while those citing "bad" conditions comprised 22.6% of the sample. 

Looking ahead, however, expectations tapered off after two months of gains. 16.3% of those surveyed expect business conditions to improve over the next six months (down 0.7 percentage points), compared to 13.3% anticipating tougher times (up 1.1 percentage points). 


The article Consumer Confidence Dips for February originally appeared on

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2014 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

People are Reading