Conference Board: Upbeat expectations

Posted February 28, 2012 by Editor

[private]The headline February  Conference Board Consumer Confidence index jumps a more-than-expected 9.3 points (Consensus: +1.9 points; Decision Economics: +3.6 points).

The gain sharply more than offset a 3.3-point drop in the index suffered last month, in a rebound pattern driven by outsized improvement in the expectations component.  That index jumped 11.3 points, after having fallen just 0.3 point in January, while the present conditions component rose 6.2 points, after having fallen 7.7 points.

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