The e-forecasting.com's earliest and final monthly US consumer confidence, eCC, fell in February, following today's update of the largest in scope and size US monthly consumer survey.
According to the highlights published today in the February issue of the US Consumer Confidence Digest, the popular confidence measure, which is indexed to equal 100 when growth is nil, decreased 0.6 percent points in February to a reading of 108.7, after falling (−0.9 percent points) in January.
“The early bird's news about the level of confidence on the economy expected by consumers lead to the prediction that the United States' business-cycle will be in its slowing down phase six months from now,” said Evangelos Otto Simos, professor at the University of New Hampshire and editor of the Digest.
e-forecasting.com, a private USA-based, international research and predictive intelligence consulting firm, provides its clients sophisticated, scientifically-modeled and disruptive predictive analytics for whats next.
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