Demwit
uscitizen alternate login
Consumer confidence falls in June
Jun 30, 12:06 PM (ET)
By ANNE D'INNOCENZIO
NEW YORK (AP) - 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.
http://apnews.myway.com/article/20090630/D9953G1O2.html
Jun 30, 12:06 PM (ET)
By ANNE D'INNOCENZIO
NEW YORK (AP) - 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.
http://apnews.myway.com/article/20090630/D9953G1O2.html