US Consumer Confidence Index improved (22-Feb-2011) further in Feb-2011, according to The Conference Board. The index now stands at 70.4 (1985=100), up from 64.8 in Jan-2011. The Present Situation Index improved from 31.1 to 33.4. The Expectations Index increased from 87.3 last month to to 95.1 in Feb-2011. [more]
The Conference Board: “The Consumer Confidence Index is now at a three-year high (Feb. 2008, 76.4), due to growing optimism about the short-term future. Consumers’ assessment of current business and labor market conditions has improved moderately, but still remains rather weak. Looking ahead, consumers are more positive about the economy and their income prospects, but feel somewhat mixed about employment conditions,” Lynn Franco, Director of Consumer Research Center. Source: Company Statement, 22-Feb-2011.