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Tuesday, February 16, 2010

Financial: ABC News Consumer Confidence Deteriorates


(RTTNews) - ABC News said on Tuesday that its consumer comfort index averaged minus 49 in the week ended February 14 compared to minus 48 a week ago.
The index is just 5 points from its all-time low and is well away from its long-term average of minus 13 in 24 years of weekly polls.
ABC News said only 8% of survey respondents rated the economy positively, while just 24% think it is a good time to spend money. Some 44% of respondents rate their personal finances positively.
The latest ABC News consumer comfort survey was based on a sample of about 1,000 telephone interviews conducted in the four weeks ending February 14.

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