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Decrease in Consumer Confidence

economic-development David takes a look at important reports and announcements that we heard last week. In February consumer confidence declined for the first time in seven months as gasoline prices started to rise from a six-year low and tempered Americans’ optimism about the economy. One reason consumer sentiment pulled back this month was energy workers’ concerns about possible job losses as companies cut back on production. Residents coping with harsh winter weather in the Northeast and Midwest were less upbeat as well.

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