Tuesday, February 24, 2009

The Public Mood

Today the Conference Board used the term "plummets" to describe the February level for their widely cited Consumer Confidence Index.

The Conference Board news release included just the last nine monthly reports. Here is what the last 19 months look like (since August, 2007).

The index now stands at 25.0. The index base of 100 is keyed to the year 1985. The current level of 25.0 is the lowest level recorded by this index which was started in 1967.

The Conference Board employs a leading research firm to sample 3,000 households representative of the U.S. population. Survey participants respond to five questions concerning current business conditions and their expectations for the future.

Copyright © 2009 by John Eighmey. All Rights Reserved.

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