Consumer Confidence in U.S. Declines More Than Forecast

Consumer confidence fell more than forecast in February as growing concern about the U.S. economy’s direction outweighed improving perceptions of its current state.

The Conference Board’s index decreased to 78.1 from a revised 79.4 in January that was weaker than initially estimated, the New York-based private research group reported today. Another report showed home prices were increasing at a slower pace.