US consumer confidence up, still in the woods-ABC

NEW YORK, March 2 (BestGrowthStock) – ABC News reported on Tuesday
that while its weekly measure of U.S. consumer confidence
reversed course after hitting nearly a four-month low last
week, the gauge is still struggling to dig out of 2009 lows
after its worst year on record.

The ABC Consumer Comfort Index edged up to -49 for the week
ended Feb. 28 from -50 in the prior week.

The -50 reading marked the first time in almost four months
the index has dipped to that level, which has been reached only
25 times — 23 of those in the last 16 months.

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 index’s worst on
record since the survey began, and it has not been on positive
ground since March 2007.

——POSITIVE VIEWS ON——-

NATIONAL PERSONAL BUYING
W/E CCI ECONOMY FINANCES CLIMATE
————————————————
2/28 -49 8 44 24
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. 28 and has a margin of error of plus or minus 3
percentage points.

Stock Analysis

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

US consumer confidence up, still in the woods-ABC