CONSUMER CONFIDENCE DESCENDS TO FIVE-YEAR LOW

NEW YORK (FNS) -- The Conference Board here said last week its Consumer Confidence Index declined for the fifth straight month in February, hitting its lowest level since January 1996, when it registered 100.1."Still, she added, "While the short-term outlook continues to signal a severe economic downturn, consumers' appraisal of current economic conditions suggests we are still undergoing moderate

NEW YORK (FNS) -- The Conference Board here said last week its Consumer Confidence Index declined for the fifth straight month in February, hitting its lowest level since January 1996, when it registered 100.1.

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Still, she added, "While the short-term outlook continues to signal a severe economic downturn, consumers' appraisal of current economic conditions suggests we are still undergoing moderate growth and not a recession."

The biggest decline in the monthly repo

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