In Depth Analysis: CalculatedRisk Newsletter on Real Estate (Ad Free) Read it here.

Friday, February 11, 2005

Consumer Confidence Plummets in February

by Calculated Risk on 2/11/2005 08:34:00 PM

The AP-Ipsos consumer confidence index sank to 79.1 in February, down sharply from 92.5 in January. February's showing was the worst since October 2003.

Consumer Confidence Posted by Hello

"The AP-Ipsos confidence index is benchmarked to a 100 reading on January 2002, when Ipsos started the gauge.

A measure of consumers' attitudes about economic expectations over the next six months, including conditions in areas where people live or work and their own financial positions, showed a steep decline.

That "expectations" gauge fell to 58.6 in February, compared with 79.6 in January and 89.2 a year ago."

Rasmussen conducts a daily poll of consumer confidence. The Rasmussen Consumer Index dropped two points on Friday to 115.5. Surprisingly, thirty-five percent (35%) of Americans say the U. S. is still in a recession.