Consumer Confidence Index Drops to 44.5

by Marilou Long on August 30, 2011

in Economic Indicators

The Conference Board reported today that its Consumer Confidence Index dropped to 44.5 from 59.2 in July.  Expectations were for a reading of 52.0.  This is the lowest reading since April of 2009.  Personal spending came out yesterday stronger than expected at 0.8%, so these indicators are somewhat contradictory.  This may indicate that the recent market volatility will continue.

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