Consumer Confidence Rebounds in February
February 27, 2019
After a shaky January, American consumers are feeling more confident. The Conference Board’s index of consumer confidence rose to 131.4, rebounding from January’s drop to 121.7. Confidence in January was mired by stock market volatility, the government shutdown, and uncertainty regarding trade. With the rally in the markets, the government reopening, and progress in trade negotiations, consumers see the future getting brighter.
The index is based on consumers’ feelings about the current state of the economy, and their expectations for the next 6 months. Consumers’ view of the current economy is the most confident it has been since the end of 2000.