US consumer confidence sees sharp fall in February

Confidence among US consumers saw a surprisingly sharp fall in February as concerns grew about the jobs market and business conditions, a survey says.

The Conference Board consumer confidence index fell to a 10-month low of 46, from 56.5 in January. Analysts were expecting a decrease to 55.

The report appeared to concern Wall Street, with the main Dow Jones index down 100.51 points, 1% to 10,282.87.

The data came as several US retailers reported higher profits but weak sales.......... read more>>

US consumer confidence sees sharp fall in February