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To: bob zagorin who wrote (8839)	2/25/2003 10:23:54 AM
From: jackhach	Respond to of 13797

Consumer Confidence Plunges To Lowest Level in a Decade A WALL STREET JOURNAL ONLINE NEWS ROUNDUP WASHINGTON -- The Conference Board said its index of consumer confidence plunged to the lowest level in nearly 10 years in February. The index tumbled to 64 from a revised 78.8 in January, the group said Tuesday. The consumer-confidence index stood at 80.7 in December. February's reading was at its lowest point since October 1993, when the index was at 60.5. Economists surveyed by Dow Jones Newswires had expected the consumer-confidence index to have slid, but only to 77. The group said the looming war with Iraq was the biggest weight resting on Americans' shoulders. "Lackluster job and financial markets, rising fuel costs, and the increasing threat of war and terrorism, appear to have taken a toll on consumers," Lynn Franco, the group's economist, said in a press release. She said there is no apparent rebound on the short-term horizon. Updated February 25, 2003 10:10 a.m. EST