Tuesday, October 28, 2008

US consumer confidence falls to record low

US consumer confidence nosedives

US consumer confidence has fallen to a record low in October, as global stock markets fall, homes are repossessed and firms lay off workers. The Conference Board said the monthly consumer confidence index fell to 38, down from a revised 61.4 in September and below analysts' expectations of 52. It is the lowest since the board began tracking consumer sentiment in 1967.

Posted by charlie brooker @ 04:30 PM (767 views)
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