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23 Feb. 2021 | Comments (0)
The just released Conference Board Consumer Confidence Index® improved again in February, after increasing in January. The Index now stands at 91.3 (1985=100), up from 88.9 in January. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—climbed from 85.5 to 92.0. However, the Expectations Index—based on consumers’ short-term outlook for income, business, and labor market conditions—fell marginally, from 91.2 last month to 90.8 in February. The survey results did not fully capture the events surrounding the Texas power crisis nor the loosening of dining restrictions in NYC.
Join Lynn Franco, Senior Director of Economic Indicators and Conference Board Chief Economist Dana Peterson for this Indications podcast as they look at the current numbers - and what they portend for the future of 2021.