US consumer confidence fell for a second straight month in February, with fewer consumers planning to buy homes, cars and go on vacation in the next six months amid concerns over the near-term economic outlook.
The Conference Board said on Tuesday (22) that its consumer confidence index fell to 110.5 this month, from 111.1 in January – given that it was revised downwards.
Economists polled by Reuters had predicted the index would fall to 110.0 from a previous reading of 113.8 in January.
“Expectations about the near-term growth outlook have weakened further, pointing to a likely moderation in growth in the first half of 2022,” said Lynn Franco, senior director of economic indicators at The Conference Board in Washington.
“Meanwhile, the proportion of consumers planning to buy homes, automobiles, appliances and vacations in the next six months has dropped.”
Source: CNN Brasil
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