U.S. consumer confidence fell more than expected in February, pulling back from a multi-year high according to a private sector report released on Tuesday.
The Conference Board, an industry group, said its index ofconsumer attitudes fell to 96.4 from an upwardly revised 103.8 in January. The February reading was the lowest for the index since September, and was below economist expectations for a reading of 99.6, according to a Reuters poll.
The January figure was originally reported as 102.9 and was the highest since August 2007.
via Reuters
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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