Consumer Confidence Rebounds in February

February 25, 2013  by in UnCategorized   

By Aggregated Content in economic news on February 26, 2013 from https://newsdesk4.moreover.com/click/?p=Qy84MjUzMjM0MjY5Jm49TkFQQ08&a=MTM1MTE2MzgzMzM&f=TmV3cw&s=cmljaHhtbA&u=YWNyZW5zaGF3QG5hcGNvLmNvbQ&c=TkFQQ08&i=MA&e=TW9uZXluZXdz&d=1989&t=1 U.S. consumer confidence picked up much more strongly than expected in February as Americans shrugged off earlier worries over fiscal policy and tax increases, a private sector report showed on Tuesday.

The Conference Board, an industry group, said its index of consumer attitudes accelerated to 69.6, from a downwardly revised 58.4 in January, handily topping economists' expectations for 61. It was the highest level since November.

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