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ABC News Consumer Confidence Deteriorates

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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.

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. (Market News Provided by RTTNews)

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