By  on January 30, 2008

Last month's improvement in consumer confidence was short-lived as consumers, assessing the short-term jobs outlook, turned pessimistic in January.

The Conference Board Consumer Confidence Index fell to 87.9 from 90.6 in December. Its two components showed mixed results as the Expectations Index dropped to 69.6 from 75.8 last month, while the Present Situation Index rose to 115.3 from 112.9.

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