10:00a Consumer Confidence
Index 91.3 actual vs 88.9 (rev) prior
Consensus Outlook
As weakness in current assessments is balanced to a degree by strength in the 6-month outlook, another subdued reading is expected for the consumer confidence index, at a 90.0 consensus for February versus January's mostly as-expected 89.3.
Definition
The Conference Board compiles a survey of consumer attitudes on the economy. The headline Consumer Confidence Index is based on consumers' perceptions of current business and employment conditions, as well as their expectations for six months hence regarding business conditions, employment, and income. Three thousand households across the country are surveyed each month. In general, while the level of consumer confidence is associated with consumer spending, the two do not move in tandem each and every month.
10:00a Richmond Fed Mfg.
Index 14 actual vs 14 prior
Consensus Outlook
The Richmond Fed index slowed by 5 points to 14 in January with 14 also the expectation for February.
Definition
This survey tracks business conditions in the Richmond Fed's manufacturing sector. The headline index is a composite of the new orders, shipments, and employment indexes.
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