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Consumer Confidence Rises For Second Straight Month

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FILE - In this Monday, June 29, 2020 file photo, shoppers move about in Garden State Plaza in Paramus, N.J. U.S. consumer confidence rose in June, reflecting the partial re-opening of the country but the concern is that rising coronavirus cases in many states could jeopardize future gains. The Conference Board, a New York-based research organization, said that its Consumer Confidence Index rose to 98.1 in June after virtually no change at 85.9 in May. (AP Photo/Seth Wenig, File)

(AP) — U.S. consumer confidence rose again in February as an improved COVID-19 vaccine push has Americans more optimistic about the future.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 labor market conditions, rose to 92 from 85.5 last month. The expectations index — based on consumers’ near-term outlook for income, business, and labor conditions — ticked down slightly to 90.8 this month from 91.2 in January.

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