Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (111273)	7/5/2001 1:23:07 PM
From: ild	Respond to of 436258

dailynews.yahoo.com Thursday July 5 10:11 AM ET Poll: Consumer Confidence Tumbles NEW YORK (Reuters) - U.S. consumer confidence fell in the latest week, failing to recover from near a four-year low, the ABC News/Money Magazine weekly survey showed on Thursday. ABC/Money said its Consumer Comfort Index, which can range from positive 100 to negative 100, dipped to 3 in the latest week from a reading of 4 the preceding week. The index is still much lower than its reading of 23 at the start of the year. Fifty-two percent of Americans rated the nation's economy as excellent or good, down one percentage point from last week, and much lower than the all-time high of 80 percent set in January 2000. The buying climate gauge, a measure of consumers' willingness to spend, was unchanged on the week, with 41 percent of Americans saying this is ``an excellent or good'' time to buy the things they want or need. Sixty-two percent of Americans still rate their personal finances positively, unchanged for the third consecutive week, and appreciably lower than a peak of 70 percent recorded in August 1998. Consumer confidence is widely perceived as a key indicator of whether the U.S. economy, which is two-thirds driven by consumer spending, will avoid a recession this year. The ABC News/Money Magazine Consumer Comfort Index represents a rolling average based on telephone interviews with 1,000 adults nationwide each month. The margin of error is plus or minus three percentage points. This week's results are based on 1,026 interviews taken over four weeks ending July 1.