1.
U.S. markets recover from steep losses
NEW YORK, May 27 (UPI) -- The U.S. Conference Board Tuesday said its monthly index of consumer confidence declined for the sixth straight month in May to a 16-year low.
The index for May hit 57.2, falling from an April reading of 62.3.
The index, derived from 5,000 interviews of U.S. households, registered 54.6 in October 1992, the report said.
Director of the Conference Board Consumer Research Center Lynn Franco said the consumer inflation expectation, "fueled by increasing prices at the pump," reached an all-time high.
On the month, consumers indicated a more pessimistic attitude on the job market and business conditions.
Fewer respondents indicated jobs were "plentiful," down from 17.1 percent to 16.3 percent, but respondents indicating jobs were "hard to get" remained, essentially, stable, declining from 28 percent to 27.9 percent, the report said.
|
|
|
|
|
|
| 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.
|
NEW DELHI, May 24 (UPI) --
India's state-run National Aerospace Laboratory will work with Kadet Defense Systems to develop NAL's Hansa trainer aircraft into an unmanned airial vehicle.
|
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
