The Conference Board Consumer Confidence Index improved again in February, rising to 91.3 points from January 88.9. The result improves the 90.2 expected.
The indicator current situation jumped from 85.5 to 92.00. However the expectations index fell slightly from 91.2 to 90.8.
“After three months of consecutive declines in the current situation index, consumers’ assessment of current conditions improved in February,” he said. Lynn Franco, Senior Director of Economic Indicators at The Conference Board.
“This change of course suggests that the economic growth has not slowed further. While the expectations index fell marginally in February, consumers remain cautiously optimistic, overall, about the outlook for the coming months. In particular, vacation intentions – plans to travel outside of the US and by air – saw a rebound this month and are set to improve further as vaccination efforts expand. “
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