Consumer confidence slips again in February
By Matt Ott, The Associated Press on February 28, 2023.
WASHINGTON (AP) – Consumers confidence dipped for the second straight month as stubborn inflation and anxiety over a potentially slowing economy weighed on Americans. The Conference Board reported Tuesday that its consumer confidence index slipped to 102.9 in February, from a reading of 106 in January. The business research group’s present situation index – which measures consumers’ assessment of current business and labor market conditions – ticked up to 152.8 from 151.1 last month. The board’s expectations index – a measure of consumers’ six-month outlook for income, business and labor conditions – tumbled to 69.7 in February from 76 in January. A reading under 80 often signals a recession in the coming year, the Conference Board said. 5-4
