U.S. consumer confidence holds at higher levels despite coronavirus [Reuters]
IHS Markit Ltd. Common Shares (INFO)
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Source: Reuters
U.S. consumer confidence holds at higher levels despite coronavirus WASHINGTON (Reuters) - U.S. consumer confidence edged up in February, suggesting a steady pace of consumer spending that could support the economy despite growing fears over the fast-spreading coronavirus, which have roiled financial markets. The Conference Board said its consumer confidence index ticked up to 130.7 this month from a downwardly revised 130.4 in January. Economists polled by Reuters had forecast it edging up to 132.0 in February. The survey made no mention of the coronavirus and economists do not believe that the illness, which has killed more than 2,000 people, mostly in China, and spread to other countries, would hurt consumer confidence. They noted that consumer confidence remained strong even as trade tensions between Washington and Beijing weighed on business sentiment. “Based on how stubbornly high it has been through trade war rhetoric and other shocks, even a pandemic might not have made much o
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