Consumer confidence slips again in February

By MATT OTT
AP Business Writer

WASHINGTON (AP) — Consumers were less confident for the second straight month as stubborn inflation and anxiety over a possible recession weighed on Americans. The Conference Board reported Tuesday that its consumer confidence index slipped to 102.9 in February, from  a reading of 106 in January. The business research group’s present situation index — which measures consumers’ assessment of current business and labor market conditions — ticked up to 152.8 from 151.1 last month. The board’s expectations index — a measure of consumers’ six-month outlook for income, business and labor conditions — tumbled to 69.7 in February from 76 in January.