KONTAN.CO.ID - WASHINGTON. U.S. consumer confidence retreated in February after three straight monthly increases as households worried about the labor market and the domestic political environment.

The Conference Board said on Tuesday that its consumer confidence index slipped to 106.7 this month from a downwardly revised 110.9 in January.

Baca Juga: United Tractors (UNTR) Net Profit Decreases by 2% to IDR 20.61 Trillion in 2023

Economists polled by Reuters had forecast the index little changed at 115.0 from the previously reported 114.8.

"February's write-in responses revealed that while overall inflation remained the main preoccupation of consumers, they are now a bit less concerned about food and gas prices, which have eased in recent months, said Dana Peterson, chief economist at The Conference Board in Washington.

Baca Juga: Chandra Asri (TPIA) to Issue Bonds Worth IDR 1.5 Trillion

"But they are more concerned about the labor market situation and the U.S. political environment."

Consumers' inflation expectations fell to 5.2%, the lowest level since March 2020, from 5.3% in January.

Editor: Yudho Winarto