Consumer confidence rises for 2nd straight month

SILVER SPRING, Md.) — U.S. consumer confidence rose again in February as an accelerating COVID-19 vaccine push provides hope for Americans who have lived through a year of unprecedented restrictions.

The Conference Board reported today that its consumer confidence index rose to 91.3, up from 88.9 in January.

The present situation index, which is based on consumers’ assessment of current business and labor market conditions, rose to 92 from 85.5 last month. The expectations index — based on consumers’ near-term outlook for income, business, and labor conditions — ticked down slightly to 90.8 this month from 91.2 in January.