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The Independent UK
The Independent UK
National
Matt Ott

Consumer confidence slips again in February

Copyright 2023 The Associated Press. All rights reserved

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.

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