Tuesday, February 26, 2008

February Consumer Confidence Index Down 12 points

The Conference Board's monthly Consumer Confidence Index fell to 75 (1985 = 100) in February, down 12 points from January levels and down 32.6% from February, 2007.
Says Lynn Franco, Director of The Conference Board Consumer Research Center, "The weakening in consumers' assessment of current conditions, fueled by a combination of less favorable business conditions and a sharp rise in the number of consumers saying jobs are hard to get, suggests that the pace of growth in early 2008 has slowed even further. Consumers' expectations have also deteriorated significantly and are now at a seventeen-year low."

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