Washington - US consumer confidence slid to a new low in February as the world's largest economy continues to battle recession, a private research group said Tuesday.
The New York-based Conference Board said its index of consumer confidence fell to 25.0 in February from 37.4 in January.
The survey of 5,000 households found that the majority of respondents (51.1 per cent) believe business conditions are bad, up from 47.9 per cent last month. About 48 per cent of respondents said jobs were hard to get, up from 41 per cent in January.