H
Harry Hope
Guest
From The Associated Press, 11/27/07:
http://www.newsday.com/news/nationworld/wire/sns-ap-newsbrief,0,1411218.story
Consumer Confidence Tumbles in November
NEW YORK (AP) --
With Christmas only a month away, American consumers became more
pessimistic about the economy in November, sending a widely watched
barometer of confidence to the lowest level in two years.
The New York-based Conference Board said Tuesday that its Consumer
Confidence Index dropped to 87.3, down almost 8 points from the
revised 95.2 in October.
It was the lowest reading since 85.2 in October 2005 when gas and oil
prices soared after hurricanes flooded New Orleans and shut down a
large chunk of the nation's oil refineries.
It also marked the sharpest drop since September 2005 when the index
plummeted 18 points from the previous month.
Analysts had expected a reading of 91.5 in November.
_____________________________________________________
Harry
http://www.newsday.com/news/nationworld/wire/sns-ap-newsbrief,0,1411218.story
Consumer Confidence Tumbles in November
NEW YORK (AP) --
With Christmas only a month away, American consumers became more
pessimistic about the economy in November, sending a widely watched
barometer of confidence to the lowest level in two years.
The New York-based Conference Board said Tuesday that its Consumer
Confidence Index dropped to 87.3, down almost 8 points from the
revised 95.2 in October.
It was the lowest reading since 85.2 in October 2005 when gas and oil
prices soared after hurricanes flooded New Orleans and shut down a
large chunk of the nation's oil refineries.
It also marked the sharpest drop since September 2005 when the index
plummeted 18 points from the previous month.
Analysts had expected a reading of 91.5 in November.
_____________________________________________________
Harry