CONSUMER CONFIDENCE RISES FOR SECOND STRAIGHT MONTH
AppleMagazine|AppleMagazine #487
U.S. consumer confidence rose again in February as an accelerating COVID-19 vaccine push provides hope for Americans who have lived through a year of unprecedented restrictions.

The Conference Board reported this week that its consumer confidence index rose to 91.3, up from 88.9 in January.

However, despite the improved vaccination rollout, consumers are more optimistic about current conditions than they are about the near future. The present situation index, which is based on consumers’ assessment of current business and labor market conditions, rose to 92 from 85.5 last month.

But the expectations index — based on consumers’ near-term outlook for income, business, and labor conditions — ticked down slightly to 90.8 this month from 91.2 in January. That’s somewhat surprising to economists as many experts have predicted that widespread vaccinations and warmer weather could make for a summer of relative normalcy.

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