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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: LLCF who wrote (47456)2/28/2006 1:49:22 PM
From: mishedlo   of 116555
 
U.S. consumer confidence ended a three-month winning streak in February, falling to 101.7 from a revised January level of 106.8, the Conference Board said Tuesday.

Economists surveyed by MarketWatch were expecting consumer confidence to fall to 103.9 after hitting a previously estimated 106.3 in January.

January's was the highest level since June 2002, beating the previous peak of 106.2 hit in June 2005.

Conference Board consumer research director Lynn Franco said the full report could suggest a worsening outlook for 2006.

The expectations index fell to its lowest level since March 2003, to 83.3 in February from 92.1 in January. The index measures confidence about the future of the economy in the near term.

"If expectations continue to lose ground, the outlook for the remainder of 2006 could deteriorate," Franco said.

MarketWatch
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