Despite surging gasoline prices, the Conference Board measure of consumer confidence shot up to a 12-month high of 70.8 in February, from 61.5 last month. The latest increase presumably reflects the continued improvement in labour market conditions, illustrated by the downward trend in initial jobless claims and the continuing rally in stock markets.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services