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US Consumer Confidence Declines Slightly

A key measure of U.S. consumer confidence declined slightly in February.

The Conference Board, a private business research group that surveys thousands of consumers, says its gauge of consumer confidence declined just over one percent, to a reading of 104.

While the consumer view of the U.S. economy declined from last month, the report says it is better than this time last year. The data also show Americans have more faith that the labor market is getting better.

Economists track consumer confidence for clues about future consumer spending, which drives most U.S. economic activity.

Some information for this report provided by AFP and Reuters.