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Consumer confidence has sharply dropped in February, because more Americans felt uncomfortable about the future state of American economy, According to new data published on Tuesday morning.

The trust of the Conference Committee for February in February arrived in a reading of 98.3, a significant decline in January of the revised 105 reading 105 and a disadvantage of 102.5 reading that economists expected.

“In February, the consumer confidence in February registered the largest monthly decline in August 2021,” Stephanie Gichard said, the elderly economist of global indicators at the Conference Committee. “This is the third passage of the month on the moon, bringing the index to the bottom of the range that prevailed from 2022. Years.”

The current index of the situation “measuring consumer assessment for current operating conditions and labor market fell to 136.5 in February of 139. in January.

The “Expectation Index”, which monitors the short-term appearance of consumers for income, business and labor market, also fell at 72.9 in February of 82. years last month. Historically, reading below 80 in that category signals the recession in the coming year. This is the first time since June 2024. year that the index entered below that threshold.

Meanwhile, the average 12-month inflation expectations jumped from 5.2% last month to 6% in February.

“This increase probably reflected the combination of factors, including adhesive inflation, but also a recent jump in the prices of key households such as eggs and expected influence of tariffs,” Guichard said. “References to inflation and prices still are ranked in writing responses, but the focus switched to other topics.”

“There was a sharp increase in the mention of trade and tariffs, back to level invisible since 2019. years. The latest, comments on current administration and its policies dominate the answers.”

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