Consumer confidence falls



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Topic: Politics > Politics-USA
User: "*Harry Hope"
Date: 26 Aug 2005 01:56:20 PM
Object: Consumer confidence falls
From MSNBC, 8/26/05:
http://www.msnbc.msn.com/id/9085168/
U.S. consumer optimism ends weaker in August
Record high gasoline prices seen weighing on sentiment
NEW YORK -
U.S. consumer optimism fell more than expected in August from July due
to record gasoline prices at the height of the summer driving season,
a report said Friday.
The University of Michigan said its reading on consumer confidence at
the end of August was 89.1, down from a 96.5 final reading for July,
according to a source who saw the subscription-only report.
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