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U.S.: Consumer confidence continues to improve

The Conference Board Consumer Confidence Index has been released, with a cautiously optimistic outlook

By www.giftsanddec.com

The Conference Board Consumer Confidence Index improved again in February, after increasing in January. The Index now stands at 91.3 (1985 = 100), up from 88.9 in January. The Present Situation Index - based on consumers’ assessment of current business and labor market conditions - climbed from 85.5 to 92.0. However, the Expectations Index - based on consumers’ short-term outlook for income, business and labor market conditions - fell marginally, from 91.2 last month to 90.8 in February.

The monthly Consumer Confidence Survey, based on a probability-design random sample, is conducted for The Conference Board by Nielsen, a global provider of information and analytics around what consumers buy and watch. The cutoff date for the preliminary results was Feb. 11. The survey results did not fully capture the events surrounding the Texas power crisis nor the loosening of dining restrictions in New York City.

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