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Consumer confidence falls in June

Started by nyc10022
about 17 years ago
Posts: 9868
Member since: Aug 2008
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http://news.yahoo.com/s/ap/20090630/ap_on_bi_ge/economy_7 NEW YORK – Americans — whose hope for the economy had been rising since March — unexpectedly lost faith this month, pushing down a widely watched barometer. The New York-based Conference Board said Tuesday that its Consumer Confidence Index now stands at 49.3, down from its revised May level of 54.8. Because consumer spending accounts for more than two-thirds of economic activity in the United States, economists and investors watch it closely.
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