Consumer research from Port Washington, N.Y.-based NPD Group shows consumer perception of the economy slipped in February compared with the previous month and the previous year.
The February figure for the NPD U.S. Economic Perception Indicator measured 39.5, with 0 being “very concerned” and 100 being “very confident.”
“Layoffs and job losses continue to be Americans’ top concern,” according to NPD. For the second straight month, younger consumers continue to feel most optimistic about the economy.
The NPD Group's U.S. Economic Perception Indicator measures consumer beliefs about the current and near-term state of the U.S. economy.