India, Feb. 25 -- A report released by the Conference Board on Tuesday showed a significant deterioration by U.S. consumer confidence in the month of February.
The Conference Board said its consumer confidence index tumbled to 98.3 in February from an upwardly revised 105.3 in January.
Economists had expected the consumer confidence index to dip to 103.0 from the 104.1 originally reported for the previous month.
Stephanie Guichard, Senior Economist, Global Indicators at The Conference Board, noted the consumer confidence index saw its largest monthly decline since August 2021.
"This is the third consecutive month on month decline, bringing the Index to the bottom of the range that has prevailed since 2022," said Guichard. "Of the five c...