Consumer Confidence Drops

January 29, 2013

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Consumer confidence continued to slip in January, falling to its lowest level since November 2011, the Conference Board said Tuesday.

The group's monthly Consumer Confidence Index fell to 58.6 in January, down 8.1 points from the month before.

"Consumer confidence posted another sharp decline in January, erasing all of the gains made through 2012," said Lynn Franco, director of economic indicators, in a statement.

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Source: Los Angeles Times

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The Conference Board

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Lynn Franco

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