Reports

3/25/2025 - March 2025

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Conference Board Consumer Confidence: March 2025

The Conference Board Consumer Confidence Index fell by -7.2 pts in March to 92.9, with the Expectations Index dropping -9.6 pts to 65.2, the lowest in 12 years.

• The Present Situation Index decreased -3.6 pts to 134.5, driven by a less positive view of current business conditions.
• Consumers’ expectations for future business conditions worsened, with 27.3% expecting deterioration (up from 25.5% in February).
• Confidence was notably lower among consumers over 55 years old, with a slight increase in confidence among those under 35.
• Inflation expectations rose to 6.2% from 5.8% in February, influenced by concerns over high prices and tariffs.
• The proportion of consumers expecting higher interest rates over the next 12 months increased to 54.6% from 52.6% in February. </aside>

2/25/2025 - February 2025

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Conference Board Consumer Confidence Index: February 2025

The Conference Board Consumer Confidence Index fell -7.0 pts to 98.3 in February, below expectations of a decline to 102.5.

• The Present Situation Index fell -3.4 pts to 136.5, and the Expectations Index fell -9.3 pts to 72.9.
• This was the largest monthly decline since August 2021 and the third in a row.
• February’s fall in confidence was shared across all age groups but was deepest for consumers between 35 and 55 years old. The decline was also broad-based among income groups, with the only exceptions among households earning less than $15,000 a year and between $100,000–125,000.
• 16.3% of consumers said jobs were “hard to get,” up from 14.5%, and 25.9% anticipated fewer jobs in the next six months, up from 21.0% in January. </aside>

1/28/2025 - January 2025

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Conference Board Consumer Confidence Index: January 2025

The Conference Board Consumer Confidence Index dropped -5.4 pts to 104.1 in January after the December reading was revised up 4.8 pts to 109.5. This was a larger-than-expected decline. The Present Situation Index fell -9.7 pts to 134.3, and the Expectations Index fell -2.6 pts to 83.9.

Consumers’ view of current business conditions worsened (18.4% describing it as “good”, down from 21.0% in December), and their view of the labor market also deteriorated (33.0% describing jobs as “plentiful”, down from 37.1% in December). In general, expectations of business conditions and consumers’ financial situations also cooled but to a lesser extent than the current measures.

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12/23/2024 - December 2024

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Conference Board Consumer Confidence Index: December 2024

The Conference Board Consumer Confidence Index fell -8.1 pts to 104.7 in December. The Present Situation Index fell -1.2 pts to 140.2, and the Expectations Index crashed -12.6 pts to 81.1. Consumers became significantly more pessimistic about future business conditions and incomes. Additionally, consumers saw weaker future employment prospects after some stronger employment sentiment in October and November.

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