DJ ABC/Money: US Consumer Confidence Up 2 Pts In Latest Wk
02/19/2003
Dow Jones News Services
(Copyright © 2003 Dow Jones & Company, Inc.)
NEW YORK (Dow Jones)--U.S. overall consumer confidence improved a bit last week, according to the latest ABC News/Money Magazine poll.
The consumer comfort index rose two points to -21 in the week ended Feb. 16, from -23 a week earlier, ABC News reported Wednesday on its Web site.
According to the survey, 28% of respondents expressed confidence in the economy, unchanged from the week before. Also, 56% of those polled said their own finances were in good standing, up from 55% in the prior week. In assessing the buying climate, 35% of respondents said it was good, up from 32% a week earlier.
The consumer comfort index was based on a random survey of 1,003 respondents nationwide ended Feb. 16. The index measures typical Americans' confidence in three areas: the national economy, their own finances, and their willingness to spend money, according to the report.
The poll has a margin of error of plus or minus three percentage points.
(END) Dow Jones Newswires
02-19-03 1104ET |
