Conference Board US Consumer Confidence rose to 130.7 in February, up from 130.4, but missed expectation of 132.6. Present Situation Index dropped from 173.9 to 165.1. Expectation Index rose fro m101.4 to 107.8.
“Consumer confidence improved slightly in February, following an increase in January,” said Lynn Franco, Senior Director of Economic Indicators. “Despite the decline in the Present Situation Index, consumers continue to view current conditions quite favorably. Consumers’ short-term expectations improved, and when coupled with solid employment growth, should be enough to continue to support spending and economic growth in the near term.”
