Expectation

US Consumer Confidence Retreated in February

Retrieved on: 
Tuesday, February 27, 2024
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NEW YORK, Feb. 27, 2024 /PRNewswire/ -- The Conference Board Consumer Confidence Index® fell in February to 106.7 (1985=100), down from a revised 110.9 in January. February's decline in the Index occurred after three consecutive months of gains. However, as January was revised downward from the preliminary reading of 114.8, the data now suggest that there was not a material breakout to the upside in confidence at the start of 2024.

Key Points: 
  • NEW YORK, Feb. 27, 2024 /PRNewswire/ -- The Conference Board Consumer Confidence Index® fell in February to 106.7 (1985=100), down from a revised 110.9 in January.
  • "The decline in consumer confidence in February interrupted a three-month rise, reflecting persistent uncertainty about the US economy," said Dana Peterson, Chief Economist at The Conference Board.
  • "The drop in confidence was broad-based, affecting all income groups except households earning less than $15,000 and those earning more than $125,000.
  • The Conference Board publishes the Consumer Confidence Index® at 10 a.m.

US Consumer Confidence Increased in January

Retrieved on: 
Tuesday, January 30, 2024
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NEW YORK, Jan. 30, 2024 /PRNewswire/ -- The Conference Board Consumer Confidence Index® rose in January to 114.8 (1985=100), up from a revised 108.0 in December. The reading was the highest since December 2021, and marked the third straight monthly increase. The Present Situation Index—based on consumers' assessment of current business and labor market conditions—surged to 161.3 (1985=100) from 147.2 last month. The Expectations Index—based on consumers' short-term outlook for income, business, and labor market conditions—improved to 83.8 (1985=100) in January, up from a revised reading of 81.9 in December.

Key Points: 
  • "January's increase in consumer confidence likely reflected slower inflation, anticipation of lower interest rates ahead, and generally favorable employment conditions as companies continue to hoard labor," said Dana Peterson, Chief Economist at The Conference Board.
  • Likewise, confidence improved for all incomes groups except the very top; only households earning $125,000+ saw a slight dip.
  • "Consumer expectations for the next six months increased slightly in January, due to receding pessimism around future business conditions, labor market, and income prospects.
  • The Conference Board publishes the Consumer Confidence Index® at 10 a.m.

US Consumer Confidence Increased Again in December

Retrieved on: 
Wednesday, December 20, 2023
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NEW YORK, Dec. 20, 2023 /PRNewswire/ -- The Conference Board Consumer Confidence Index® increased in December to 110.7 (1985=100), up from a downwardly revised 101.0 in November. The Present Situation Index—based on consumers' assessment of current business and labor market conditions—rose to 148.5 (1985=100) from 136.5 last month. The Expectations Index—based on consumers' short-term outlook for income, business, and labor market conditions—leapt to 85.6 (1985=100) in December, up from its downwardly revised reading of 77.4 in November. This sharp increase brings expectations back to the levels of optimism last seen in July of this year.

Key Points: 
  • NEW YORK, Dec. 20, 2023 /PRNewswire/ -- The Conference Board Consumer Confidence Index® increased in December to 110.7 (1985=100), up from a downwardly revised 101.0 in November.
  • "Consumer expectations for the next six months also increased in December, reflecting improved confidence about future business conditions, job availability, and incomes.
  • The monthly Consumer Confidence Survey®, based on an online sample, is conducted for The Conference Board by Toluna, a technology company that delivers real-time consumer insights and market research through its innovative technology, expertise, and panel of over 36 million consumers.
  • The Conference Board publishes the Consumer Confidence Index® at 10 a.m.

US Consumer Confidence Increased in November

Retrieved on: 
Tuesday, November 28, 2023
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NEW YORK, Nov. 28, 2023 /PRNewswire/ -- The Conference Board Consumer Confidence Index® increased in November to 102.0 (1985=100), up from a downwardly revised 99.1 in October. The Present Situation Index—based on consumers' assessment of current business and labor market conditions—ticked down slightly to 138.2 (1985=100), from 138.6. The Expectations Index—based on consumers' short-term outlook for income, business, and labor market conditions—rose to 77.8 (1985=100) in November, up from its downwardly revised reading of 72.7 in October.

Key Points: 
  • NEW YORK, Nov. 28, 2023 /PRNewswire/ -- The Conference Board Consumer Confidence Index® increased in November to 102.0 (1985=100), up from a downwardly revised 99.1 in October.
  • "Consumer confidence increased in November, following three consecutive months of decline," said Dana Peterson, Chief Economist at The Conference Board.
  • November's increase in consumer confidence was concentrated primarily among householders aged 55 and up; by contrast, confidence among householders aged 35-54 declined slightly.
  • "Consumer expectations for the next six months recovered in November, reflecting improved confidence about future business conditions, job availability, and incomes.

US Consumer Confidence Fell Again in October

Retrieved on: 
Tuesday, October 31, 2023
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NEW YORK, Oct. 31, 2023 /PRNewswire/ -- The Conference Board Consumer Confidence Index® declined moderately in October to 102.6 (1985=100), down from an upwardly revised 104.3 in September. The Present Situation Index—based on consumers' assessment of current business and labor market conditions—declined to 143.1 (1985=100) from 146.2. The Expectations Index—based on consumers' short-term outlook for income, business, and labor market conditions—fell slightly to 75.6 (1985=100) in October, after declining to 76.4 in September. The Expectations index is still below 80—the level that historically signals a recession within the next year. Consumer fears of an impending recession remain elevated, consistent with the short and shallow economic contraction we anticipate for the first half of 2024. 

Key Points: 
  • Consumer fears of an impending recession remain elevated, consistent with the short and shallow economic contraction we anticipate for the first half of 2024.
  • "Consumer confidence fell again in October 2023, marking three consecutive months of decline," said Dana Peterson, Chief Economist at The Conference Board.
  • The decline in consumer confidence was evident across householders aged 35 and up, and not limited to any one income group."
  • The Conference Board publishes the Consumer Confidence Index® at 10 a.m.

US Consumer Confidence Fell Again in September

Retrieved on: 
Tuesday, September 26, 2023
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NEW YORK, Sept. 26, 2023 /PRNewswire/ -- The Conference Board Consumer Confidence Index® declined again in September to 103.0 (1985=100), down from an upwardly revised 108.7 in August. The Present Situation Index—based on consumers' assessment of current business and labor market conditions—rose slightly to 147.1 (1985=100) from 146.7. The Expectations Index—based on consumers' short-term outlook for income, business, and labor market conditions—declined to 73.7 (1985=100) in September, after falling to 83.3 in August. Expectations fell back below 80—the level that historically signals a recession within the next year. Consumer fears of an impending recession also ticked back up, consistent with the short and shallow economic contraction we anticipate for the first half of 2024.

Key Points: 
  • Expectations fell back below 80—the level that historically signals a recession within the next year.
  • "Consumer confidence fell again in September 2023, marking two consecutive months of decline," said Dana Peterson, Chief Economist at The Conference Board.
  • The decline in consumer confidence was evident across all age groups, and notably among consumers with household incomes of $50,000 or more."
  • The Conference Board publishes the Consumer Confidence Index® at 10 a.m.

US Consumer Confidence Pulled Back in August

Retrieved on: 
Tuesday, August 29, 2023
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NEW YORK, Aug. 29, 2023 /PRNewswire/ -- The Conference Board Consumer Confidence Index® declined in August to 106.1 (1985=100), from a downwardly revised 114.0 in July. The Present Situation Index—based on consumers' assessment of current business and labor market conditions—fell to 144.8 (1985=100) from 153.0. The Expectations Index— based on consumers' short-term outlook for income, business, and labor market conditions—declined to 80.2 (1985=100) in August, reversing July's sharp uptick to 88.0. Expectations were a hair above 80—the level that historically signals a recession within the next year. Although consumer fears of an impending recession continued to recede, we still anticipate one is likely before yearend.

Key Points: 
  • Although consumer fears of an impending recession continued to recede, we still anticipate one is likely before yearend.
  • "Consumer confidence fell in August 2023, erasing back-to-back increases in June and July," said Dana Peterson, Chief Economist at The Conference Board.
  • The pullback in consumer confidence was evident across all age groups—and most notable among consumers with household incomes of $100,000 or more, as well as those earning less than $50,000.
  • The Conference Board publishes the Consumer Confidence Index® at 10 a.m.

US Consumer Confidence Improved Again in July

Retrieved on: 
Tuesday, July 25, 2023
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NEW YORK, July 25, 2023 /PRNewswire/ -- The Conference Board Consumer Confidence Index® rose again in July to 117.0 (1985=100), up from 110.1 in June. The Present Situation Index—based on consumers' assessment of current business and labor market conditions—improved to 160.0 (1985=100) from 155.3 last month. The Expectations Index—based on consumers' short-term outlook for income, business, and labor market conditions—improved to 88.3 (1985=100) from 80.0 in June. Importantly, Expectations climbed well above 80—the level that historically signals a recession within the next year. Despite rising interest rates, consumers are more upbeat, likely reflecting lower inflation and a tight labor market. Although consumers are less convinced of a recession ahead, we still anticipate one likely before yearend.

Key Points: 
  • "Consumer confidence rose in July 2023 to its highest level since July 2021, reflecting pops in both current conditions and expectations," said Dana Peterson, Chief Economist at The Conference Board.
  • "Headline confidence appears to have broken out of the sideways trend that prevailed for much of the last year.
  • Greater confidence was evident across all age groups, and among both consumers earning incomes less than $50,000 and those making more than $100,000."
  • "Expectations for the next six months improved materially, reflecting greater confidence about future business conditions and job availability.

US Consumer Confidence Improved Substantially in June

Retrieved on: 
Tuesday, June 27, 2023
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NEW YORK, June 27, 2023 /PRNewswire/ -- The Conference Board Consumer Confidence Index® increased in June to 109.7 (1985=100), up from 102.5 in May.

Key Points: 
  • NEW YORK, June 27, 2023 /PRNewswire/ -- The Conference Board Consumer Confidence Index® increased in June to 109.7 (1985=100), up from 102.5 in May.
  • "Consumer confidence improved in June to its highest level since January 2022, reflecting improved current conditions and a pop in expectations," said Dana Peterson, Chief Economist at The Conference Board.
  • Likewise, expectations for the next six months improved materially, reflecting greater confidence about future business conditions and job availability."
  • The Conference Board publishes the Consumer Confidence Index® at 10 a.m.

Set The Expectation Founder and NFL's James Smith Williams Addressed the Eighth Army Sexual Harassment/Assault Response and Prevention (SHARP) Program in South Korea

Retrieved on: 
Tuesday, May 30, 2023
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LOS ANGELES, May 30, 2023 /PRNewswire-PRWeb/ -- Earlier this month, Brenda Tracy, survivor and founder of Set The Expectation (STE), and James Smith-Williams, NFL player and STE Champion, spoke at the Eighth Army Sexual Harassment/Assault Response and Prevention (SHARP) Program at Humphrey's Base in South Korea.

Key Points: 
  • Set the Expectation is a national nonprofit dedicated to ending sexual and interpersonal violence.
  • During the program on May 8 - 11, Tracy and Smith-Williams spoke to 300 military leaders including SHARP professionals.
  • In a session called "Building Safer Culture: A Survivor Perspective", Tracy shared her story while emphasizing topics of culture building and sexual violence prevention.
  • "Attending events like SHARP is important and beneficial for our mission at Set The Expectation," said founder, Brenda Tracy.