World Economy Indicators

26 February 2004

Consumer confidence (February)
The Conference Board's closely watched consumer sentiment index stood at 87.3 in February, a sharp drop from January's 96.4 and the lowest reading since October.
    There were large falls in both the index's components: assessments of the current climate (from 79.4 to 73.1) and future expectations (107.8 to 96.8). The Conference Board blamed the declines on continued concerns about the employment market.

Business confidence (February)
German business sentiment deteriorated for the first time in ten months in February, according to the monthly survey from the Ifo economics institute.
    The business climate index stood at 96.4 this month, down from 97.5 in January -- a fall Germany's economic minister Wolfgang Clement called a "warning shot that no one should miss". Causing the decline was a drop in future expectations, the gauge of which tumbled from 102.9 to 100.4; in contrast, assessments of current conditions rose from 92.5 to 92.6.

Data sourced from: multiple sources; additional content by WARC staff