News Feed » Consumer Confidence http://www.news-feed.com Current and updated news feed covering the U.S. and the rest of the World Sun, 05 Feb 2012 15:16:42 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Consumer Confidence Drops In July http://www.news-feed.com/2009/07/30/consumer-confidence-drops-in-july/ http://www.news-feed.com/2009/07/30/consumer-confidence-drops-in-july/#comments Thu, 30 Jul 2009 15:49:57 +0000 admin http://www.news-feed.com/?p=785 Just when Americans started to get comfortable with the idea that things were getting better, they were dished a harsh reality check yesterday. Consumer confidence reports were released, and they were far from pretty.

The Conference Board’s confidence index dropped to 46.6 in July from 49.3 in June, its second consecutive monthly decline, and much more than the expected reading of 49. With unemployment projected to top 10% this year, it is without question that consumer spending – the fuel of the U.S. economy – will have a slow recovery.

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