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Consumer Confidence Falls, Concerns Rise Over Future Economic Growth

Supply chain woes and soaring prices defined the past year. What lies ahead? Read the 2022 Sourcing Report for a deep global dive, plus expert insights on navigating the sourcing roller coaster.

Consumers these days aren’t so confident about the future of U.S. economic growth. The Conference Board’s Consumer Confidence Index fell to 120.2 from 126.6 in December, declining for the third consecutive month. Consumers indicated that current economic conditions remain favorable, and that’s why the Present Situation Index dipped ever so slightly to 169.6 from 169.9….

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