United States Consumer Confidence February 2021

United States

United States: Consumer confidence rises in February

February 23, 2021

Consumer confidence came in at 91.3 in February, up from January's 88.9. As a result, the index moved closer to the 100-threshold, but still indicated pessimism among consumers.

The uptick came on the back of a strong increase in consumers’ assessment of current labor market and economic conditions, likely buoyed by the ongoing rollout out of an effective Covid-19 vaccine across the country. That said, consumers’ outlook on future economic and labor market conditions fell marginally.

Lynn Franco, senior director of economic indicators at the Conference Board, noted:

“While the Expectations Index fell marginally in February, consumers remain cautiously optimistic, on the whole, about the outlook for the coming months. Notably, vacation intentions—particularly, plans to travel outside the U.S. and via air—saw an uptick this month, and are poised to improve further as vaccination efforts expand.”

FocusEconomics Consensus Forecast panelists expect private consumption to rise 4.7% in 2021, which is up 0.3 percentage points from last month’s forecast, and growth of 3.3% in 2022.


Author:, Economist

Sample Report

Looking for forecasts related to Consumer Confidence in United States? Download a sample report now.

Download

United States Consumer Confidence Chart


United States Consumer Confidence February 2021

Note: Consumer Confidence Index.
Source: The Conference Board.


United States Economic News

More news

Search form