The latest Conference Board Consumer Confidence Index shows a decline for February following a big jump in January.
The index now sits at 96.4, down from 103.8 in January, but still above pre-recession levels. Despite the drop, consumers remain positive.
Nielsen analyzed the latest numbers determining, those who think current business conditions a good dropped, along with those who think current conditions are bad.
Confidence in the current jobs market weighed on the index, with the number of those confident in the market slipping, and those who believed jobs would be “hard to get” increasing.