Consumer confidence falls to 92.2 in February

WASHINGTON – Consumer confidence fell in February to the lowest level in seven months as Americans’ assessment of current conditions weakened.

The Conference Board says its consumer confidence index dipped to 92.2 this month, down from a reading of 97.8 in January. It was the lowest reading for confidence since it was 91.0 in July.

Consumers’ assessment of current conditions weakened, primarily due to less favourable views about business conditions.