FOREX TradingCharts.com

Financial News: U.S. Consumer Confidence Rebounds Much More Than Expected

U.S. Consumer Confidence Rebounds Much More Than Expected In February

02/26/2019 - 10:16:00 (RTTNews)

(RTTNews) - Consumer confidence in the U.S. rebounded in February following three consecutive monthly decreases, according to a report released by the Conference Board on Tuesday.

The Conference Board said its consumer confidence index jumped to 131.4 in February after falling to 121.7 in January. Economists had expected the index to rise to 125.0.

The bigger than expected rebound by the headline index was partly due to a substantial improvement in consumer expectations, with the expectations index surging up to 103.4 in February from 89.4 in January.

The percentage of consumers expecting business conditions to improve over the next six months increased to 19.7 percent from 16.3 percent, while those expecting business conditions to worsen tumbled 8.9 percent from 13.8 percent.

Consumers' outlook for the labor market was also more favorable, with the percentage expecting more jobs in the months ahead climbing to 18.5 percent from 15.3 percent and those anticipating fewer jobs dropping to 12.2 percent from 16.2 percent.

The report said the present situation index also rose to 173.5 in February from 170.2 in January, as consumers continue to view both business and labor market conditions favorably.

Consumers saying business conditions are "good" increased to 41.2 percent from 36.4 percent, while the percentage saying business conditions are "bad" was unchanged at 10.8 percent.

Meanwhile, the assessment of the labor market was mixed, as consumers saying jobs are "plentiful" edged down to 46.1 percent from 46.7 percent but those claiming jobs are "hard to get" also slipped to 11.8 percent from 12.6 percent.

"Looking ahead, consumers expect the economy to continue expanding," said Lynn Franco, Senior Director of Economic Indicators at the Conference Board. "However, according to The Conference Board's economic forecasts, the pace of expansion is expected to moderate in 2019."

On Friday, the University of Michigan is scheduled to release its final report on consumer sentiment in the month of February.

The consumer sentiment index for February is expected to be unrevised from the preliminary reading of 95.5, which was up from 91.2 in January.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Japan Producer Prices Rise 1.1% On Year In February (01 hr(s), 07 min(s), 44 sec(s) ago)
(RTTNews) - Producer prices in Japan were up 1.1 percent on year in February, the Bank of Japan sa ...Full Story»

New Zealand February Trade Surplus NZ$12 Million (02 hr(s), 19 min(s), 44 sec(s) ago)
(RTTNews) - New Zealand posted a merchandise trade surplus of NZ$12 million in February, Statistic ...Full Story»

New Zealand Has NZ$12 Million Trade Surplus (02 hr(s), 34 min(s), 44 sec(s) ago)
(RTTNews) - New Zealand had a merchandise trade surplus of NZ$12 million in February, Statistics N ...Full Story»

New Zealand Trade Data On Tap For Tuesday (03 hr(s), 34 min(s), 44 sec(s) ago)
(RTTNews) - New Zealand will on Tuesday release February figures for imports, exports and trade ba ...Full Story»

German Business Confidence Rises For First Time In 7 Months (12 hr(s), 05 min(s), 44 sec(s) ago)
(RTTNews) - Germany's business confidence strengthened in March, after weakening in the previo ...Full Story»

Spain Producer Price Inflation Rise For First Time In 5 Months (12 hr(s), 43 min(s), 44 sec(s) ago)
(RTTNews) - Spain producer price inflation rose in February for the first time in five months, dat ...Full Story»

Austria Production Index Rises In January (13 hr(s), 23 min(s), 44 sec(s) ago)
(RTTNews) - Austria production index expanded in January from a year ago, data from Statistics Aus ...Full Story»

Finland Producer Price Inflation At 1-Year Low (13 hr(s), 42 min(s), 44 sec(s) ago)
(RTTNews) - Finland's producer price inflation slowed to its lowest level in a year in Februar ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Japan Producer Prices Rise 1.1% On Year In February

03/25/2019 - 19:57 PM (RTTNews)
(RTTNews) - Producer prices in Japan were up 1.1 percent on year in February, the Bank of Japan sa ...Full Story>>

New Zealand February Trade Surplus NZ$12 Million

03/25/2019 - 18:45 PM (RTTNews)
(RTTNews) - New Zealand posted a merchandise trade surplus of NZ$12 million in February, Statistic ...Full Story>>

New Zealand Has NZ$12 Million Trade Surplus

03/25/2019 - 18:30 PM (RTTNews)
(RTTNews) - New Zealand had a merchandise trade surplus of NZ$12 million in February, Statistics N ...Full Story>>

New Zealand Trade Data On Tap For Tuesday

03/25/2019 - 17:30 PM (RTTNews)
(RTTNews) - New Zealand will on Tuesday release February figures for imports, exports and trade ba ...Full Story>>

German Business Confidence Rises For First Time In 7 Months

03/25/2019 - 08:59 AM (RTTNews)
(RTTNews) - Germany's business confidence strengthened in March, after weakening in the previo ...Full Story>>
These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.