Consumer Confidence Index Declines In February

The Conference Board’s Consumer Confidence Index, which had increased in January, declined in February. The Index now stands at 101.7 (1985=100), down from 106.8 in January. The Present Situation Index rose to 129.3 from 128.8. The Expectations Index, however, fell to 83.3 from 92.1 last month.

"The Present Situation Index continues to hold steady at a four-and-a-half year high (August 2001, 144.5) suggesting that, at least for now, the start of 2006 will be better than the end of 200

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