NEW YORK (AP) - A private research group says that Americans'
mood about the economy has darkened even further in January.
The Conference Board said Tuesday that its Consumer Confidence
Index edged lower in January to 37.7 from a revised 38.6 in
December. That's a historic low for the widely watched barometer,
as shoppers worry about their jobs and watch the value of their
homes and retirement funds dwindle.
It's also lower than expected. Economists surveyed by Thomson
Reuters had expected a reading of 39. The levels in recent months
have hit the lowest point since the index began in 1967.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
NewsNews
Consumer Confidence Hits Historic Low
Shoppers are worried about their jobs while watching the value of their homes and retirement funds dwindle.
By:
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WKRG-TV
Published: January 27, 2009
Published: January 27, 2009
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