Consumer Confidence Index Falls To 46.0 In February

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With consumers expressing concerns about business conditions and the job market, the Conference Board released a report on Tuesday showing a much bigger than expected drop in consumer confidence in the month of February.

The Conference Board said its consumer confidence index fell to 46.0 in February from an upwardly revised 56.5 in January. Economists had been expecting the index to edge down to 55.0 from the 55.9 originally reported for the previous month.

With consumers expressing concerns about business conditions and the job market, the Conference Board released a report on Tuesday showing a much bigger than expected drop in consumer confidence in the month of February. (Market News Provided by RTTNews)