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Politics : Formerly About Advanced Micro Devices

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To: i-node who wrote (386726)5/27/2008 6:15:37 PM
From: tejek  Read Replies (1) of 1576661
 
Please note the confidence a Republican administration engenders.

U.S. May consumer confidence at 16-year low

By Ruth Mantell
Last update: 10:00 a.m. EDT May 27, 2008Print RSS Disable Live Quotes

WASHINGTON (MarketWatch) -- U.S. consumer confidence extended its tumble in May to reach a 16-year-low, the Conference Board reported Tuesday, as inflation expectations reached a record high on rising gas prices. The May consumer confidence index fell to 57.2 from a reading for April that was revised up to 62.8 from a prior estimate of 62.3. Economists surveyed by MarketWatch had expected a May reading of 59.5. The percentage of consumers saying jobs are "hard to get" rose to 28.0% from 27.9% in April, while those claiming jobs are "plentiful" fell to 16.3% from 17.1%.

marketwatch.com
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