Consumer Confidence Index Slips; the Level Still Remains Higher Than a Year Ago

Summary


NEW YORK (AP) - A widely watched indicator of consumers' confidence in the economy slipped in February but remained well above its levels a year ago, a private research group reported Tuesday.

The Conference Board said its consumer confidence index dipped to 104.0 this month, down from a revised 105.1 in January, as optimism about business conditions over the next six months declined. The latest figure was slightly above what analysts were expecting.

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Consumer Confidence Index Slips; the Level Still Remains Higher Than a Year Ago

Lynn Franco, director of the Conference Board's research division, called the rea...

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