Background
This represents the latest monthly summary and analysis of the major indices of consumer confidence, both current and future.
Please feel free to share this information with yourissuerand merchant clients.
Summary
- Consumer confidence fell sharply to new all-time lows.
- Business conditions confidence also declined markedly to a record confidence gap.
- The confidence of small business owners continues to be tested in this economic environment, reaching new lows.
Findings
Consumer confidence reflected total capitulation in consumer mood in February. New all time lows (since the survey began in 1967) were reached in both present confidence and future expectations confidence. Any confidence "bump" that may have occurred through the installation of the new administration vanished in February. Present confidence fell nine points, and future expectations confidence fell 15 points.
posted: 3/25/2009 1:52 PM
