US consumer confidence data for Feb 2021
- Prior was 89.3 (revised to 89.9)
- Expectations 90.8 vs 91.2 prior
- Present situation 92.0 vs 85.5 prior
"After three months of consecutive declines in the Present Situation Index, consumers' assessment of current conditions improved in February," said Lynn Franco, Senior Director of Economic Indicators at The Conference Board. "This course reversal suggests economic growth has not slowed further. While the Expectations Index fell marginally in February, consumers remain cautiously optimistic, on the whole, about the outlook for the coming months. Notably, vacation intentions-particularly, plans to travel outside the U.S. and via air-saw an uptick this month, and are poised to improve further as vaccination efforts expand."