From The Associated Press, 7/13/07:
http://hosted.ap.org/dynamic/stories/I/IPSOS_CONSUMER_CONFIDENCE?SITE=TNMEM&SECTION=HOME&TEMPLATE=DEFAULT
By JEANNINE AVERSA
AP Economics Writer
WASHINGTON (AP) --
Consumer confidence slid to its lowest point in almost a year as
worries about job availability, high gasoline prices and the severity
of the housing slump weighed on peoples' minds.
The steep drop disappointed economists and raised fresh questions
about consumers' appetite to spend in the months ahead; their spending
is a major shaper of the country's economic health.
The RBC Cash Index showed that confidence tumbled to 76.1 in July.
That was considerably weaker than June's 81.4 and was the worst
reading since last August.
The index is based on the results from the international polling firm
Ipsos.
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Harry
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