Wednesday, February 24, 2010

20100224 1117 US - Confidence falls to lowest since April.

Confidence among US consumers fell in February 2010 to the lowest level in 10 months, a sign that concern about job prospects may hold back the spending needed to sustain the recovery. The Conference Board’s confidence index slumped to 46, below the lowest forecast in a Bloomberg News survey of economists, from 56.5 in January 2010, a report from the New York-based private research group showed. (Bloomberg)

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