US Consumer Confidence Surges to 91.2 in February, Beating Expectations
The Conference Board's Consumer Confidence Index reached 91.2 in February, surpassing the previous month's 84.5 reading and exceeding economist estimates of 87.1. The 6.7-point month-over-month increase represents a significant improvement in consumer sentiment. This positive surprise suggests stronger consumer confidence than anticipated during February.
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The Conference Board's Consumer Confidence Index demonstrated strong momentum in February, reaching 91.2 and significantly outpacing both previous readings and market expectations. The latest data reflects a marked improvement in consumer sentiment during the month.
February Performance Overview
The Consumer Confidence Index performance for February showed substantial gains across key metrics:
| Metric: | Value |
|---|---|
| Actual Reading: | 91.2 |
| Previous Month: | 84.5 |
| Economist Estimate: | 87.1 |
| Month-over-Month Change: | +6.7 points |
Market Expectations vs Reality
The February reading of 91.2 exceeded economist projections by 4.1 points, with the consensus estimate having been set at 87.1. This positive surprise indicates that consumer sentiment improved more than anticipated during the period.
The month-over-month improvement of 6.7 points from 84.5 to 91.2 represents a significant uptick in the index, suggesting strengthened consumer confidence levels. The Conference Board's Consumer Confidence Index serves as a key economic indicator, measuring consumers' optimism about current and future economic conditions.
The February data point provides insight into consumer sentiment trends and may influence broader economic analysis and policy considerations moving forward.
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