US consumer confidence falls sharply

From the Financial Times:

Figures on Tuesday showed that consumer confidence in the US fell to the lowest level in 10 months on fears about a slow labour market recovery.

The Conference Board’s index of consumer sentiment fell to 46 in February from a revised 56.5 the prior month. Lynn Franco, director of the Conference Board’s consumer research centre, said that fewer consumers were expecting improvements in business conditions or the jobs market in the next six months.

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