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Consumer Confidence Index climbs in January

| Wednesday, Jan. 27, 2010

Americans' confidence in the economy improved modestly in January for the third straight month, as they begin to feel slightly better about business conditions and the job picture, according to a survey released Tuesday.

The Conference Board's Consumer Confidence Index increased to 55.9 -- the highest in more than a year but still relatively gloomy. That compares with 53.6 in December.

January's index was better than the expected 53.5 forecast by economists.

The new figures still don't point to an end to the nation's economic woes any time soon.

"Consumers' short-term outlook, while moderately more positive, does not suggest any significant pickup in activity in the coming months," Lynn Franco, director of The Conference Board's Consumer Research Center, said in a statement.

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