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Consumer Confidence Rises in February

Posted on 2/23/2011

The Consumer Confidence Index rose to 70.4 in February, the highest level since February 2008 and well above the upwardly revised 64.8 in January, the New York-based Conference Board reported yesterday. "Consumers' assessment of current business and labor market conditions has improved moderately, but still remains rather weak," said Lynn Franco, director of the Conference Board's Consumer Research Center. "Looking ahead, consumers are more positive about the economy and their income prospects, but feel somewhat mixed about employment conditions." Read more.

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