Conference Board Consumer Confidence Index down in February to 110.5 from 111.1 in January amid inflation concerns; consumers’ assessment of current business and labor market conditions up to 145.1 from 144.5, Expectations Index fell to 87.5 from 88.8

Sample article from our Housing & Economy

February 22, 2022 (press release) –

Index Falls for Second Consecutive Month on Further Weakening of Expectations

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 to 145.1 from 144.5 last month. The Expectations Index—based on consumers’ short-term outlook for income, business, and labor market conditions—declined to 87.5 from 88.8.  “Consumer confidence was down slightly for a second consecutive month in February,” said Lynn Franco, Senior Director of Economic Indicators at The Conference Board. “The Present Situation Index improved a touch, suggesting the economy continued to expand in Q1 but did not gain momentum. Expectations about short-term growth prospects weakened further, pointing to a likely moderation in growth over the first half of 2022. Meanwhile, the proportion of consumers planning to purchase homes, automobiles, major appliances, and vacations over the next six months all fell.”

“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.”

Present Situation

Consumers’ appraisal of current business conditions was mixed in February.

  • 18.7% of consumers said business conditions were “good,” down from 20.0%.
  • However, 24.7% of consumers said business conditions were “bad,” down from 27.4%.

Consumers’ assessment of the labor market was also mixed.

  • 53.8% of consumers said jobs were “plentiful,” down from 55.0% but still a historically strong reading.
  • However, 11.8% of consumers said jobs are “hard to get,” down from 12.0%

 

Expectations Six Months Hence

Consumers’ optimism about the short-term business conditions outlook eased in February.

  • 23.4% of consumers expect business conditions will improve, slightly down from 23.6%.
  • However, 18.1% expect business conditions to worsen, down from 19.7%.

Consumers were also less optimistic about the short-term labor market outlook.

  • 21.3% of consumers expect more jobs to be available in the months ahead, down from 22.1%.
  • 17.9% anticipate fewer jobs, up from 16.6%.

Consumers were less positive about their short-term financial prospects.

  • 15.7% of consumers expect their incomes to increase, down from 16.2%.
  • 12.1% expect their incomes will decrease, unchanged from last month

The monthly Consumer Confidence Survey®, based on an online sample, is conducted for The Conference Board by Toluna, a technology company that delivers real-time consumer insights and market research through its innovative technology, expertise, and panel of over 36 million consumers. The cutoff date for the preliminary results was February 16.

Source: February 2022 Consumer Confidence Survey®

The Conference Board

The Conference Board publishes the Consumer Confidence Index® at 10 a.m. ET on the last Tuesday of every month. Subscription information and the technical notes to this series are available on The Conference Board website: https://www.conference-board.org/data/consumerdata.cfm.

About The Conference Board

The Conference Board is the member-driven think tank that delivers trusted insights for what’s ahead. Founded in 1916, we are a non-partisan, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. www.conference-board.org • Learn more about our mission and becoming a member 

The next release is Tuesday, March 29 at 10 AM ET.

For further information contact:

Jonathan Liu at +1 212 339 0257 Jonathan.liu@conference-board.org


Joseph DiBlasi at +781.308.7935 Joseph.DiBlasi@conference-board.org


© The Conference Board 2022. All data contained in this table are protected by United States and international copyright laws. The data displayed are provided for informational purposes only and may only be accessed, reviewed, and/or used in accordance with, and the permission of, The Conference Board consistent with a subscriber or license agreement and the Terms of Use displayed on our website at www.conference-board.org. The data and analysis contained herein may not be used, redistributed, published, or posted by any means without express written permission from The Conference Board.

COPYRIGHT TERMS OF USE All material on Our Sites are protected by United States and international copyright laws. You must abide by all copyright notices and restrictions contained in Our Sites. You may not reproduce, distribute (in any form including over any local area or other network or service), display, perform, create derivative works of, sell, license, extract for use in a database, or otherwise use any materials (including computer programs and other code) on Our Sites ("Site Material"), except that you may download Site Material in the form of one machine readable copy that you will use only for personal, noncommercial purposes, and only if you do not alter Site Material or remove any trademark, copyright or other notice displayed on the Site Material. If you are a subscriber to any of the services offered on Our Sites, you may be permitted to use Site Material, according to the terms of your subscription agreement.

Trademarks "THE CONFERENCE BOARD," the TORCH LOGO, "CONSUMER CONFIDENCE SURVEY", "CONSUMER CONFIDENCE INDEX", and other logos, indicia and trademarks featured on Our Sites are trademarks owned by The Conference Board, Inc. in the United States and other countries ("Our Trademarks").

You may not use Our Trademarks in connection with any product or service that does not belong to us nor in any manner that is likely to cause confusion among users about whether The Conference Board is the source, sponsor, or endorser of the product or service, nor in any manner that disparages or discredits us.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

See our dashboard in action - schedule an demo
Chelsey Quick
Chelsey Quick
- VP Client Success -

We offer built-to-order housing & economy coverage for our clients. Contact us for a free consultation.

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.