US Economics

Conference Board Consumer Confidence (Feb.)

US Data Response
Written by Capital Economics Economist

The surge in the Conference Board’s consumer confidence measure to a 17-year high of 130.8 in February, from 124.3, underlines that household sentiment has not been knocked by the recent bout of stock market volatility. Instead, it has continued to strengthen as households begin to see the recently passed tax cuts show up in their pay cheques.