1.
U.S. markets recover from steep losses
NEW YORK, March 25 (UPI) -- U.S. consumer confidence, falling since July 2007, fell further in March to a five-year low, the Conference Board said Tuesday.
The Conference Board Consumer Confidence Index was 64.5, down from 76.4 in February, the board said in a release.
The index "remains at a five-year low," said Lynn Franco, director of The Conference Board Consumer Research Center.
The Expectations index reached a 35-year low on the month, "levels not seen since the Oil Embargo and Watergate," the report said.
The Expectations Index, at 58.0 in February, declined to 47.9. The Present Situation Index decreased from 104.0 in February to 89.2 in March.
The consumer confidence index uses 1985 as the base year, equal to a value of 100.
The report said those who expected business conditions to decline in the next six months increased from 21.6 percent in February to 25.4 percent. The labor market index declined in the month from 28 percent expecting fewer jobs in February to 29 percent in March.
The consumer confidence index is based on a survey of 5,000 U.S. households.
|
|
|
|
|
|
| Additional Business News Stories | |
CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
|
ORLANDO, Fla., May 23 (UPI) --
The U.S. Air Force has added Lockheed Martin to its list of companies for support of its medical services worldwide.
|
The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
|
What if Europe turned out to be the new Japan?
|
| Stories | Photos | People | Comments |
View Caption
