US consumer confidence slips further in week – ABC

NEW YORK, Feb 23 (BestGrowthStock) – ABC News reported on Tuesday
that its weekly measure of U.S. consumer confidence slipped
further toward its all-time low, indicating that American
households are becoming ever more fretful over their personal
finances.

The ABC Consumer Comfort Index fell to -50 for the week
ended Feb. 21 from -49 in the prior week, setting it just four
points away from its record low.

It also marks the first time in almost four months the
index has dipped to the -50 mark, after spending five weeks in
a two-point range of -48 and -50.

The index first hit its all-time low of -54 in the week to
Dec. 1, 2008, and then again in the week to Jan. 25, 2009.

The average reading of -48 in 2009 is the gauge’s worst on
record since the survey began, and it has not seen positive
ground since March 2007.

——POSITIVE VIEWS ON——-

NATIONAL PERSONAL BUYING
W/E CCI ECONOMY FINANCES CLIMATE
————————————————
2/21 -50 8 43 24
2/14 -49 8 44 24
2/7 -48 8 47 23
1/31 -49 9 45 22
1/24 -48 8 47 23
1/17 -49 9 45 23
1/10 -47 9 46 24
1/3 -41 9 51 28
12/29 -44 8 47 29
12/22 -42 7 50 30
12/13 -45 7 47 29
12/6 -47 8 44 28

The ABC News consumer confidence survey was based on a
sample of about 1,000 interviews conducted in the four weeks
ending Feb. 21 and has a margin of error of plus or minus 3
percentage points.

Stock Research

(U.S. Treasury desk; Tel: 646-223-6300)

US consumer confidence slips further in week – ABC