Consumer confidence lowest in 10 years

New York — With Americans spooked by war talk, concerned about their jobs, rattled by an unsettled stock market and now paying higher prices at the pump, consumer confidence went into free-fall in February, plunging to its lowest level in 10 years.

The Conference Board reported that its widely watched barometer of consumer spending as well as sentiment dropped by 18.8 percent last month to a reading of 64.0 from 78.8 in January, catching analysts and economists by surprise with the steepness of the decline.

Home & Textiles Today Staff | News & Commentary

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HTT Current issue for September 2017

See the September 2017 issue of Home & Textiles Today. In this issue, we look at the Attack of the Killer Third Tier: Monster off-pricers are climbing to the top of the food chain, plus New Products: 40 pages of new products debuting at the New York Home Fashions Market; Home Stores: TJX unveils first U.S. HomeSense store; Clicks to Bricks: Boll & Branch moves from digital to physical retailing; and much more... See details!