Consumer Confidence Soars
by John Carney Consumer confidence jumped in February, reversing the declines recorded in the previous three months. The Conference Board said Tuesday that its Consumer Confidence Index increased in February 131.4, up from 121.7 in January. That is the highest reading since November of last year and beats economists expectations for a 125 reading. Consumers were happier with their present circumstances and more confident about the future, according to the Conference Board. “The Present Situation Index improved, as consumers continue to view both business and labor market conditions favorably. Expectations, which had been negatively impacted in recent months by financial market...
by John Carney Consumer confidence jumped in February, reversing the declines recorded in the previous three months. The Conference Board said Tuesday that its Consumer Confidence Index increased in February 131.4, up from 121.7 in January. That is the highest reading...
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