US consumer confidence weaker in latest week -ABC

NEW YORK, Feb 2 (BestGrowthStock) – ABC News reported on Tuesday
that its weekly measure of U.S. consumer confidence weakened in
the latest week, largely due to growing pessimism on the
current buying climate.

The ABC Consumer Comfort Index fell to -49 for the week
ended Jan. 31 from the prior week’s reading of -48, ABC said.

The gauge now sits five points away from its record low of
-54, which it first hit in the week to Dec. 1, 2008, and again
in the week to Jan. 25, 2009.

For 2009, the index had an average reading of -40, marking
its worst year on record since the survey began. It has not
seen positive ground since March 2007.

——POSITIVE VIEWS ON——-

NATIONAL PERSONAL BUYING
W/E CCI ECONOMY FINANCES CLIMATE
————————————————
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
11/27 -45 9 45 28
11/22 -47 10 43 26
11/15 -45 11 46 25
11/8 -46 11 45 25
11/1 -49 10 42 24
10/25 -51 10 43 21

The ABC News consumer confidence survey was based on a
sample of about 1,000 interviews conducted in the four weeks
ending Jan. 31 and has a margin of error of plus or minus 3
percentage points.

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US consumer confidence weaker in latest week -ABC