The Conference Board Consumer Confidence Index rebounded in February and now stands at 69.6 (1985=100), up from 58.4 in January. The Present Situation Index increased to 63.3 from 56.2, while the Expectations Index improved to 73.8 from 59.9 last month.

Consumers’ assessment of present day conditions improved in February, with those claiming business conditions are “good” rising to 18.1 percent from 16.1 percent, and those stating business conditions are “bad” decreasing to 27.8 percent from 28.4 percent. Consumers’ appraisal of the labor market was mixed. Those saying jobs are “plentiful” increased to 10.5 percent from 8.5 percent, while those claiming jobs are “hard to get” edged up to 37.0 percent from 36.6 percent.