U.S. Consumer Confidence Falls to All-Time Low Feb 26, 2009

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U.S. consumer confidence fell to a new all-time low in February, according to a Conference Board report. The Conference Board's Consumer Confidence Index, based on a representative sample of 5000 U.S. households, fell more than forecast to 25 this month, the lowest level since data began in 1967, from a January reading of 37.4.

Lynn Franco, director of the Board's Consumer Research Center, said the decline was "driven by worsening business conditions and a rapidly deteriorating job market." It suggested that "overall economic conditions have weakened even further this quarter," she said.

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