The results of the Conference Board's monthly Consumer Confidence Survey are out.
The report's headline index fell to 78.1 from January's downward-revised 79.4 reading.
The consensus estimate of market economists polled by Bloomberg was that the report's headline index would tick down to 80.0 from January's initially-reported 80.7 reading.
The labor differential (jobs plentiful less jobs hard to get), however, continued to improve to another post-crisis high in February, rising to -18.6 from January's -19.9 reading.
"IMPORTANT in this series will be the jobs gap," said Citi strategist Richard Cochinos prior to the release.
"This is one of the broad labor indicators the Fed looks at when determining the health of the labor market outside of the unemployment rate."
Read more: http://www.businessinsider.com/conference-board-consumer-confidence-february-2014-2#ixzz2uLZKIoMX
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