The Conference Board Consumer Confidence Index increased in February, following a modest increase in January. The Index now stands at 130.8 (1985=100), up from 124.3 in January.
“Consumers’ assessment of current conditions was more favorable this month, with the labor force the main driver,” said Lynn Franco, director of Economic Indicators at The Conference Board.
“Despite the recent stock market volatility, consumers expressed greater optimism about short-term prospects for business and labor market conditions, as well as their financial prospects,” added Franco. “Overall, consumers remain quite confident that the economy will continue expanding at a strong pace in the months ahead.”
Consumers’ appraisal of present-day conditions improved in February. Consumers’ assessment of business conditions was moderately more positive than in January. The
From Industry Week