http://www.marketwatch.com/news/story/consumer-sentiment-hits-lowest-level/story.aspx?guid=%7B7E7E8FD6-3D8A-493D-9E1B-3E9405C32B0C%7D
Nov 21, 2007
Consumer sentiment hits lowest level in two years
By Ruth Mantell, MarketWatch
WASHINGTON (MarketWatch) --
Consumer sentiment fell in November from the prior month, reaching its
lowest level in two years, according to a monthly survey released
Wednesday.
The Consumer Sentiment index was 76.1 in November, down from 80.9 in
October, and "significantly" below the 92.1 during the same period in
the prior year, according to the Reuters/University of Michigan
Surveys of Consumers.
"Rising prices for fuel and food had a devastating impact on household
budgets, and falling home prices have diminished consumers' sense of
financial security," said Richard Curtin, director of the survey.
November's level was revised up from an earlier estimate of 75.0,
which was the lowest reading since October 2005.
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Harry
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