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Consumer confidence rises for second straight month

Last Updated Feb 23, 2021 at 7:17 am PST

FILE - In this Tuesday, Sept. 15, 2020, file photo, passers-by examine a storefront window in Boston's fashionable Newbury Street shopping district. U.S. consumer confidence dipped slightly in October as a new wave of coronavirus cases began across the country. The Conference Board reported Tuesday, Oct. 27, 2020, that its consumer confidence index fell to a reading of 100.9, from 101.8 in September. (AP Photo/Steven Senne)

SILVER SPRING, Md. — U.S. consumer confidence rose again in February as an accelerating COVID-19 vaccine push provides hope for Americans who have lived through a year of unprecedented restrictions.

The Conference Board reported Tuesday that its consumer confidence index rose to 91.3, up from 88.9 in January.

The present situation index, which is based on consumers’ assessment of current business and labour market conditions, rose to 92 from 85.5 last month. The expectations index — based on consumers’ near-term outlook for income, business, and labour conditions — ticked down slightly to 90.8 this month from 91.2 in January.

Matt Ott, The Associated Press