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Consumer confidence slips in April

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Posted 11:31AM on Tuesday 30th April 2002 ( 23 years ago )
NEW YORK - Consumer confidence dipped in April from a seven-month high, but optimism about the economy still remained higher than analysts&#39; expectations.<br> <br> The New York-based Conference Board said Tuesday that its Consumer Confidence Index fell to 108.8 this month from a revised 110.7 in March. Analysts were expecting a reading of 107.5.<br> <br> The industry group&#39;s index, based on a monthly survey of some 5,000 U.S. households, is closely watched because consumer confidence drives consumer spending, which accounts for about two-thirds of the nation&#39;s economic activity.<br> <br>

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