• Kelowna's Homepage
  • Vernon's Homepage
32087
30356

Business  

US consumer confidence index dips in February on concerns over business conditions, jobs

WASHINGTON - U.S. consumer confidence fell slightly in February over concerns about the near-term outlook for business conditions and jobs.

The Conference Board says that its confidence index dipped to 78.1 in February, down from 79.4 in January.

Conference Board economist Lynn Franco says the index still suggests consumers believe the economy has improved although they do not expect it to gain significant momentum in coming months.

Consumer sentiment is closely watched for indications about how it will impact consumer spending, which accounts for 70 per cent of economic activity.



More Business News

31232
Recent Trending
32913
31789
Member of the RTNDA
32498
Press Room
31567