Tuesday, February 27, 2007

Forex News: 27.02.2007 U.S. consumer confidence hits five year high in February

U.S. consumer confidence defied expectations and continued to climb in February as Americans said it was easier to find work.

The consumer confidence index rose to 112.5 in February from a revised 110.3 in January. This is the highest level since August 2001.

Economists didn't think confidence could stay so high and had been expecting the index to dip to 107.0.

Consumers were more optimistic about the future in February, with the expectations index rising to 94.8 from 94.4 in January.

Consumers' overall assessment of current conditions improved in February, rising to 139.0 from 133.9 in the previous month.


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