U.S. consumer confidence has risen in February to 70.8, per AP:
The Conference Board’s Consumer Confidence Index now stands at 70.8, up from a revised 61.5 in January, helped by consumers’ improving assessment of the job market. Analysts had expected a reading of 63. The February reading marks the highest level since February 2011 when it was 72.0. The index is still far below the 90 that indicates a healthy economy.
Igor Bobic is the assistant editor of Talking Points Memo, helping oversee the site’s coverage of politics and policy in Washington. While originally from Bosnia and Herzegovina, Igor feels best at home on the beaches of Southern California. He can be reached at email@example.com.