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DESPITE RECESSION FEARS, STUDY SAYS CONSUMERS STILL CONFIDENT

By Published on .

NEW YORK (AdAge.com) -- While consumers' fears of a recession have worsened over the last month, they nonetheless remain confident, according a new survey from the Conference Board.

The survey found 52.3% of consumers polled Oct. 18-19 think the terror attacks Of Sept. 11 will push the economy into recession, up from 47.2% of those polled on Sept. 18-19.

But the survey -- done by Interpublic Group of Cos.' NFO Group -- also found consumer confidence is rebounding from the impact of the attacks. The percentage of those polled who think the events will affect their households economically dropped from 50.5% to 46%, and the percentage of those postponing financial investments, travel plans and purchases was flat or lower in October.

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