If a Policy Was Declined by the Consumer Can It Be Offered Again in 12 Mon
U.s. CONSUMER Confidence
The Consumer Confidence Survey® reflects prevailing business conditions and likely developments for the months ahead. This monthly study details consumer attitudes, buying intentions, vacation plans, and consumer expectations for inflation, stock prices, and interest rates. Data are available past age, income, 9 regions, and height eight states.
Latest Printing Release
Updated: Tuesday, March 29, 2022
Consumer Conviction Rebounds Slightly in March
Consumers' View of the Present Situation Brightens—merely Expectations Continue to Abound More Pessimistic
The Conference Board Consumer Confidence Index ® increased slightly in March, after a decrease in February. The Index now stands at 107.2 (1985=100), up from 105.7 in February. The Present State of affairs Index —based on consumers' assessment of current business organisation and labor market weather—improved to 153.0 from 143.0 final month. Nonetheless, the Expectations Alphabetize —based on consumers' brusque-term outlook for income, business organization, and labor market weather—declined to 76.six from 80.viii.
"Consumer confidence was upwardly slightly in March later declines in February and January," said Lynn Franco, Senior Manager of Economic Indicators at The Conference Board. "The Nowadays Situation Index rose substantially, suggesting economic growth continued into late Q1. Expectations, on the other mitt, weakened further with consumers citing rising prices, specially at the gas pump, and the war in Ukraine equally factors. Meanwhile, purchasing intentions for big-ticket items like automobiles have softened somewhat over the past few months as expectations for involvement rates have risen."
"Nevertheless, consumer confidence continues to be supported by strong employment growth and thus has been holding up remarkably well despite geopolitical uncertainties and expectations for inflation over the adjacent 12 months reaching vii.9 pct—an all-time high. However, these headwinds are expected to persist in the brusque term and may potentially dampen confidence as well as cool spending further in the months ahead."
Present Situation
Consumers' appraisal of current business conditions improved in March.
- 19.vi% of consumers said business weather were "good," up from 17.6%.
- 22.i% of consumers said concern weather were "bad," down from 25.ane%.
Consumers' assessment of the labor market as well improved.
- 57.2% of consumers said jobs were "plentiful," up from 53.v%, a new historical high.
- 9.viii% of consumers said jobs are "hard to get," downwards from 12.0%.
Expectations Six Months Hence
Consumers' optimism about the short-term business atmospheric condition outlook declined in March.
- 18.seven% of consumers expect business conditions will improve, downward from 21.3%.
- 23.viii% expect business organization conditions to worsen, up from 19.9%.
Consumers were mixed about the short-term labor market outlook.
- 17.4% of consumers expect more jobs to be available in the months ahead, down from 19.4%.
- Conversely, 17.vii% anticipate fewer jobs, down from xix.half dozen%.
Consumers were also mixed well-nigh their brusk-term financial prospects.
- 14.9% of consumers expect their incomes to increase, up from 14.7%.
- xiii.7% look their incomes will decrease, up from 13.0%.
The monthly Consumer Confidence Survey®, based on an online sample, is conducted for The Briefing Lath by Toluna, a technology visitor that delivers real-time consumer insights and market research through its innovative applied science, expertise, and console of over 36 million consumers. The cutoff date for the preliminary results was March 23.
Source: March 2022 Consumer Conviction Survey®
The Conference Board
The Conference Board publishes the Consumer Conviction Index® at ten a.m. ET on the last Tuesday of every month. Subscription data and the technical notes to this serial are bachelor on The Briefing Lath website: https://www.conference-lath.org/data/consumerdata.cfm.
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