NFIB SMALL BUSINESS OPTIMISM SUDDENLY & DRAMATICALLY PLUNGES!

A PUBLIC SOURCED ARTICLE FOR MATASII (SUBSCRIBERS-RESEARCH & PUBLIC ACCESS ) READERS  REFERENCE

MATA: SENTIMENT - CONSUMER CONFIDENCE

MATASII SYNTHESIS:

  • The National Federation of Independent Business (NFIB) Small Business Optimism Index has dropped significantly (in red)!
  • Consumer Confidence (in blue) has completed its Head & Shoulder pattern formation.

  • We have annotated the March Consumer Confidence as charted by dshort.com

  • The latest Conference Board Consumer Confidence Index was is based on data collected through March 14.
  • The headline number of 124.1 was a decrease from the final reading of 131.4 for February.
  • The number was below the Investing.com consensus of 132.0. “Consumer Confidence decreased in March after rebounding in February, with the Present Situation the main driver of this month’s decline,” said Lynn Franco, Senior Director of Economic Indicators at The Conference Board. “Confidence has been somewhat volatile over the past few months, as consumers have had to weather volatility in the financial markets, a partial government shutdown and a very weak February jobs report. Despite these dynamics, consumers remain confident that the economy will continue expanding in the near term. However, the overall trend in confidence has been softening since last summer, pointing to a moderation in economic growth.”
  • We have additionally annotated the February University of Michigan Sentiment Index as charted by dshort.com

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