U.S. Consumer Confidence Falls as Expected

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00003539-us-consumer-confidence-falls-as-expected/

U.S. consumer confidence fell back in February as consumers continued to be concerned about the longer term outlook, the Conference Board said Tuesday.

The board’s consumer confidence index dropped to 104.0 in February from an upwardly revised 105.1 in January.

The 1.1-point decline was as expected. Economists were forecasting the index at 102.3 from the earlier estimate of 103.4, according to a survey conducted by MarketWatch.

“Consumer confidence about current economic conditions, including the labor market, continues to gather momentum,” said Lynn Franco, head of the board’s consumer research unit. “Despite recent fluctuations, both present and future indicators point toward continued expansion in the months ahead.”

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U.S. Consumer Confidence Falls as Expected

Unknown Author

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