By  on February 27, 2008

The Conference Board's Consumer Confidence Index in February fell to its lowest point in five years, keeping the economy on recession watch as shoppers fretted over the job market.

The Index dropped to 75 from 87.3 in January. Its two components also declined in February. The Expectations Index decreased to 57.9 from 69.3, while the Present Situation Index dropped to 100.6 from 114.3 last month.

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