US consumer confidence dove sharply for the second straight month in January, the Conference Board said Tuesday, with rising taxes cited as a likely reason for the surge in gloom.
A man looks at running shoes on display at a shoe store in New York, January 8, 2013. US consumer confidence fell sharply for the second straight month in January, the Conference Board said Tuesday, dropping below where it was a year earlier.
The board's consumer confidence index sank to 58.6 in January from 66.7 in December, far below the 2012 peak of 73.1 in October.
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