Consumer confidence hits three-year high - Trade Only Today

Consumer confidence hits three-year high

Author:
Updated:
Original:

Consumer confidence was up for the second straight month in February.

The index now stands at 70.4, up from 64.8 in January.

"The Consumer Confidence Index is now at a three-year high (Feb. 2008, 76.4), due to growing optimism about the short-term future," said Lynn Franco, director of The Conference Board Consumer Research Center, in a statement:

"Consumers' assessment of current business and labor market conditions has improved moderately, but still remains rather weak," Franco added. "Looking ahead, consumers are more positive about the economy and their income prospects, but feel somewhat mixed about employment conditions."

In February, those stating business conditions are "good" increased to 12.4 percent from 11.3 percent, while those who say business conditions are "bad" was unchanged at 39.6 percent.

Consumers' assessment of the labor market also was more positive than in January. Those saying jobs are "plentiful" rose to 4.9 percent from 4.6 percent, while those stating jobs are "hard to get" decreased to 45.7 percent from 47.0 percent.

Those expecting business conditions to improve during the next six months increased to 24.4 percent from 24 percent; those who anticipate that business conditions will worsen declined to 10.4 percent from 12.2 percent.

Related

Brunswick Corp. Appoints New President

Aine Denari is an automotive industry veteran with vast experience in leading-edge mobility systems.

Menhaden Quotas Reduced

Sportfishing groups applauded the move, saying it will help rebuild the striped bass population.

Winnebago Reports Q4, Fiscal 2020 Results

Revenue grew 18.6 percent for the year to $2.4 billion.

Quick Hits: October 22, 2020

Tiara Yachts honors top dealers; Smoker Craft donates to MRAA; ICOMIA issues state of the industry.

Make Your Cash Register Ring for Christmas

If you want to bring in some cash this holiday season, it’s time to get to work.

Vandalize Boats Will Debut at FLIBS

Nautical Ventures will market and sell the new lineup of center console sport utility vessels.

NMLA Joins MRAA as Partner

Through partner membership, manufacturers, suppliers and service providers can align their brands with the MRAA program.

Scania to Power Special Editions of Maritimo X-Series Yachts

The company, known for providing commercial iron, entered the U.S. recreational marine market in August.

Quick Hits: October 21, 2020

Grady-White subsidizes Dealer Week registrations; Brunswick increases dividend; and Scout hands out awards at virtual meetings.