FXstreet.com (Barcelona) - US consumer confidence has decreased sharply in February, on a combination of less favourable business conditions and sharp deterioration of the labour market, to reach the lowest level in the last fifteen years, exception made of the Iraqi war in 2003, according to the Conference Board.

The Conference Board's Consumer Confidence Index has declined to 75 points from 87.3 in February. Those claiming business conditions are bad have increased to 21.8% in February from 20.1% in January, while those assessing business conditions as good declined to 18.5% from 20.6% in January.

The expectations index has decreased to 57.9 in February from 69.3 in January, while the Present situation index has fallen to 100.6 from 114.3 in January.