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WASHINGTON (Reuters) – U.S. consumer confidence increased in February, with households slightly more upbeat about the labor market amid declining new COVID-19 infections and expectations for additional money from the government to help the economy’s recovery from the pandemic.
FILE PHOTO: A man shops, during the coronavirus disease (COVID-19) pandemic, on 5th Avenue in New York, U.S., February 17, 2021. REUTERS/Brendan McDermid
The survey from the Conference Board on Tuesday also showed consumers warming up to overseas vacations, though fewer intended to purchase homes, automobiles and other big-ticket items over the next six months. Consumers anticipated higher inflation as well. This fits in with economists’ predictions that demand will swing back to services from goods by summer as more Americans get vaccinated, and