Sharp fall in consumer confidence spurs fears

February 24, 2010

NEW YORK - Americans' outlook on the economy went into relapse in February. Rising job worries sent a key barometer of confidence to its lowest point in 10 months. The Conference Board said Tuesday its Consumer Confidence Index fell almost 11 points to 46 in February, from January. Analysts were expecting only a slight decrease to 55. It was the lowest level since a 40.8 reading in April 2009. A reading above 90 means the economy is on solid footing.

- Associated Press


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