U.S. Consumer Confidence Shows Significant Pullback In February

[Purveyor]

Source: RTT News

2/24/2015 10:28 AM ET

After reporting a sharp increase in U.S. consumer confidence in the previous month, the Conference Board released a report on Tuesday showing that its consumer confidence index pulled back by more than expected in the month of February.

The Conference Board said its consumer confidence index tumbled to 96.4 in February from an upwardly revised 103.8 in January.

Economists had expected the index to drop to a reading of 99.1 from the 102.9 originally reported for the previous month.

Lynn Franco, Director of Economic Indicators at the Conference Board, said, "After a large gain in January, consumer confidence retreated in February, but still remains at pre-recession levels."

Read more: http://www.rttnews.com/2461042/u-s-consumer-confidence-shows-significant-pullback-in-february.aspx

[liberal N proud]

1. OR: Maybe it was just too damned cold and snowy to go shopping

For the last month - month and a half, I have gone to the store only when I needed to and only when I was desperate for something.

[Purveyor]

2. Last winter was colder and more brutal around these parts. No, I do detect some

weakening in the economy due to foreign economies faltering, i.e. China/Europe. Even the fed is concerned according to a report I read on France24.

I'll see if I can find copy on that later.