Economic Confidence Is an Important Virus Antidote

  • Good global, national and local economies are essential for a positive spring retail season, and all other retail seasons. Retailers have been able to rely on a steady economy, despite some recession warnings – and then the coronavirus changed the story.
  • Despite the virus being a major news story throughout February, The Conference Board Consumer Confidence Index® still increased from 130.4 for January to 130.7 for February.
  • The Expectations Index, or short-term outlook, increased significantly from January’s 101.4 to February’s 107.8. The survey found 20.4% of respondents anticipated improving business conditions during the next 6 months, compared to 18.4% during January.