US consumer confidence falls backShoppers in ManhattanUS consumers are worried about job prospectsUS consumer confidence fell unexpectedly in September, suggesting Americans are not as convinced as US policymakers of an economic recovery.The closely-watched Consumer Confidence Index from the Conference Board business organisation slipped to 53.1 from a revised 54.5 in August.Economists were expecting confidence to improve after it rose in August.Separately, a leading US index has shown a better-than-expected increase in house prices in July. link
Wednesday, September 30, 2009
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