Consumer confidence at near record low

In the latest week American consumers' confidence down to within 2 points of its record low and is on race for its second-worst year in 22 years of measurements, a survey showed on Tuesday.

The ABC News Consumer Comfort Index fell to -49 in the week to August3 from -47 in previous week. Its all-time low, reached in May, is -51 & its historical average -10.

The index components were mixed, with positive views on personal finances down 1% point to 48 percent & those on the buying climate down 2% points to 19 %...For full article click Yahoo News


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