Consumers do not like what they see In economics now.
The consumer confidence index in the conference council decreased by 7 points to 98.3 for February, below the 102.3 Dow Jones consumer expectations, according to CNBCLand sign is placed in a monthly decrease in Consumer feelings Since August 2021.
“Predictions of the current labor market conditions have been developed. Consumers Become pessimistic About future working conditions and less optimistic about future income, “said Stephanie Gwechadrad, the chief economist in the Board of Directors of Global Indicators, in A. statement. “Persity about future recruitment prospects worsened and reached the highest level in ten months.”
In addition, the expectation index-a measure based on consumer expectations in the short term of the economy-9.3 points to 72.9, decreased less than 80 threshold, which usually indicates recession. It seems that uncertainty stems greatly from the anxiety waving on the horizon in the trade war and President Trump The newly imposed customs dutiesalong with Bird flu that affect grocery prices.
“There was a sharp increase in trade and definition signals, and a return to an invisible level since 2019,” Guichard. “The most prominent of which is that the comments on the current administration and its policies took control of the responses.”
The anticipation of high prices of customs tariffs can affect short -term spending. Consumers have a tendency to stock In the face of imminent or scarce prices, which can be shown as an increase in economic activity.
“We must expect some short -term behavioral transformations inside the consumer,” said Roche. “Consumers feel increasingly tension from the unknown effects of potential definitions and can withdraw consumer demand forward because they expect import prices in the near future.”
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