CORRECTED - US consumer confidence nears year high-ABC

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Tue Dec 1, 2009 5:51pm EST

 (Changes the week-ended date to Nov. 29, not Nov. 27)
 NEW YORK, Dec 1 (Reuters) - ABC News said on Tuesday its
weekly measure of U.S. consumer confidence rose in the latest
week, and views on the buying climate hit their best levels in
more than a year.
 The ABC Consumer Comfort Index rose to -45 in the week
ended Nov. 29 from -47 the prior week.
 While the index now stands three points higher than its
2009 average of -48, it has struggled to break above -42, the
highest reading this year, which it reached in May.
 Since May, the index has read -45 five times, but has
failed to push higher.
 The CCI touched a record low of -54 in the week to Dec. 1,
2008, and matched that reading in the week to Jan. 25, 2009. It
has not seen positive ground since March 2007.
              ------POSITIVE VIEWS ON-------
              NATIONAL   PERSONAL    BUYING
W/E       CCI    ECONOMY    FINANCES    CLIMATE
------------------------------------------------
11/29    -45        9         45         28
11/22    -47       10         43         26
11/15    -45       11         46         25
11/8     -46       11         45         25
11/1     -49       10         42         24
10/25    -51       10         43         21
10/18    -50       11         41         23
10/11    -48       11         42         25
10/4     -45       11         44         27
 The ABC News consumer confidence survey was based on a
sample of about 1,000 interviews conducted in the four weeks
ending Nov. 29 and has a margin of error of plus or minus 3
percentage points.
(U.S. Treasury desk; Tel: 646-223-6300)
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