Confidence slips back in February

23 March 2012

  • Signs of cautious optimism at the start of the year faded in February, with the overall confidence index declining by three points to 44
  • The main index remains marginally above the near all time low of 38 recorded in December 2011, but remains more than 30 points below the long run average of 76
  • The main components of the index all fell during the month, although the declines were modest, with none falling by more than four points over the month
  • Although the Expectations Index dropped four points in February to 60, it stands four points above its level last year

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