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Consumer Confidence Drops Sharply in February, Hitting Lowest Level Since June 2024

Consumer confidence has dropped significantly, with the Consumer Confidence Index declining 7 points to 98.3 in February, according to the Conference Board.
Concerns over tariffs, inflation, and pessimism about future employment are affecting consumer feelings and spending plans, as stated by the Conference Board.
The Consumer Confidence Index's decline is the largest since August 2021, noted by Stephanie Guichard, a senior economist at the Conference Board.
In response to the drop in consumer confidence, White House Press Secretary Karoline Leavitt emphasized the administration's commitment to addressing the cost-of-living crisis.

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Global News

U.S. consumer confidence tanks due to Trump’s policies, survey suggests - National

The Conference Board's consumer confidence index in the United States dropped 7 points, the biggest decline since August 2021, to 98.3 this month.

9 hours ago·Toronto, Canada

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Alternet

'Dumb economic policy': Consumer confidence nosedives after month of Trump presidency

With the first month of U.S. President Donald Trump's second term in office characterized by threats to impose tariffs on close international allies and the mass firing of tens of thousands of federal workers—but not the promised lower grocery prices that Trump repeatedly touted during his campaign—a survey found consumer confidence plummeted in February to its lowest level since last June.The Conference Board, a global nonprofit think tank, rep…

15 hours ago·Washington, United States

Stocks slide as US consumer confidence tumbles, tech slumps

New York, United States — Global stock indices slid on Tuesday, with tech shares especially weak, after data showed US consumer confidence slumped amid unease over President Trump’s tariff plans. US consumer confidence in February saw its largest monthly decline since August 2021, according to a Conference Board survey that comes on the heels of

18 hours ago·Manila, Philippines

Consumer confidence at lowest point since 2021

WASHINGTON — U.S. consumer confidence plummeted in February, the biggest monthly decline since August 2021, a business research group said Tuesday, with inflation seemingly stuck and a trade war under President Donald Trump seen by a growing number of Americans…

18 hours ago

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tfppwire.com

Consumer Confidence Drops Sharply, Possible Predictor of Slowing Economy

Consumer confidence fell sharply in February, with a key index recording its largest decline since August 2021. Concerns over inflation, economic uncertainty, and the Trump administration’s aggressive policy shifts are driving public unease. Key Facts: The Conference Board Consumer Confidence Index fell 7 points to 98.3 in February. Consumers are increasingly pessimistic about job prospects, future income, and business conditions. The Universit…

US consumer confidence drops by most since August 2021

(NewsNation) — Consumer confidence fell sharply in February as Americans grew more pessimistic about the future of the economy with inflation and President Donald Trump's tariffs top of mind. The Conference Board's Consumer Confidence Index fell seven points to 98.3 this month, down from 105.3 in January, the largest monthly decline since August 2021. The index that measures consumers' short-term outlook for income, business and labor market con…

22 hours ago·Savannah, United States

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