News

Consumer confidence falls in February

Consumer confidence falls in February

CONSUMER CONFIDENCE: The Conference Board, an industry group, said its index of consumer attitudes fell to 78.1 from a downwardly revised 79.4 in January. Economists in a Reuters poll had expected 80.0. Photo: Reuters

NEW YORK (Reuters) – Consumer confidence sagged in February as expectations worsened, according to a private sector report released on Tuesday.

The Conference Board, an industry group, said its index of consumer attitudes fell to 78.1 from a downwardly revised 79.4 in January. Economists in a Reuters poll had expected 80.0.

The expectations index fell to 75.7 from a downwardly revised 80.8 last month. But the present situation index rose to 81.7, the highest since April 2008. January’s reading was revised to 77.3.

“While expectations have fluctuated over recent months, current conditions have continued to trend upward,” Lynn Franco, director of economic indicators at The Conference Board, said in a statement. “This suggests that consumers believe the economy has improved, but they do not foresee it gaining considerable momentum in the months ahead.”

The “jobs hard-to-get” index was 32.5 in February compared with a revised 32.7 in January. Consumers’ one-year inflation expectation was 5.2 percent, compared with 5.1 percent last month.

(Reporting by Steven C. Johnson; Editing by Chizu Nomiyama)

Recent Headlines

in Local

Blagojevich Wants Full Court Appeal

Fresh
blagojevich

Blagojevich is hoping the full court will overturn more counts.

in Local

Shooting Death Victim’s Brother Charged with Murder

7-6-15 Shooting

The Sangamon County State's Attorney has charged the older brother of a Springfield teenager shot and killed last week with murder.

in Local

Illinois Corn Crop Deteriorates, Some Areas Could Use Rain

crops

Most of the state’s been getting a break from heavy rain over the past few weeks, but that could be a problem pretty soon.

in Local

Illinois’ Economy Still Steadily Growing

economics

Illinois’ economy is still steadily growing.

in Local

Ill. Senate Taking Up Plan to Spend $5B in Federal Money

cullerton2

The Illinois Senate is expected to vote on the measure today.