The latest version of the Quikrete Industry Dashboard shows a sharp rise on the American Automobile Association’s gas-price meter. The latest reading for a gallon of regular stands at $2.70, up 30 cents from just a month ago.
Meanwhile, Consumer Confidence as reported by the Conference Board showed an increase from 88.9 in January to 91.3 in February.
The Conference Board’s Present Situation Index also increased, while the Expectations Index decreased.
“While the Expectations Index fell marginally in February, consumers remain cautiously optimistic, on the whole, about the outlook for the coming months. Notably, vacation intentions—particularly, plans to travel outside the U.S. and via air—saw an uptick this month, and are poised to improve further as vaccination efforts expand,” said Lynn Franco, senior director of economic indicators at The Conference Board.
Next up: The Bureau of Labor Statistics will release the monthly unemployment rate on March 5.