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To: Gottfried who wrote (29901)4/11/2006 10:48:27 AM
From: Donald Wennerstrom  Read Replies (1) | Respond to of 95567
 
US consumer confidence weakens again in April-IBD

April 11, 2006 09:00:21 (ET)

<<NEW YORK, April 11 (Reuters) - Consumer confidence in the U.S. economy weakened in April for the second month in a row, as consumers struggled with higher energy costs, rising interest rates and climbing credit burdens, according to a survey released on Tuesday.

Investor's Business Daily and TechnoMetrica Market Intelligence said their economic optimism index slipped to 48.6 in April, down from 49.1 in March and below the 50.5 reading in February.

A reading below 50 indicates pessimism.

"There's an overall pessimism about the economy," said Terry Jones, associate editor of Investor's Business Daily, in a statement. "This split suggests one of two things: either Washington's doing a poor job of communicating the economy's underlying strength, or the media are doing a poor job of reporting on it.">>