26 Feb. 2020 | Comments (0)
The Conference Board Consumer Confidence Index ticked up slightly in February, with further strengthening of expectations offsetting a pullback in consumers’ assessment of present conditions. The bottom line: American consumers remain historically confident—with their spending likely to drive continued economic growth through the first half of 2020. Could the ongoing COVID-19 coronavirus outbreak—which escalated globally after our February survey closed—grow into the “black swan” that finally disrupts years of positive trends?
Lynn Franco, senior director of economic indicators, explores the epidemic’s latest signals and downside risks—and explains how long the good times for consumers can continue as we approach November in an election year.