Consumer confidence at lowest level in 16 years

June 2008
Furniture/Today;6/2/2008, Vol. 32 Issue 38, p42
Trade Publication
The article presents the Conference Board's monthly survey which shows that the consumer confidence fell to 57.2 percent in the U.S. May 2008. Based on a survey of 5,000 households, the indicator was the lowest since a reading of 54.6 percent in October 1992. According to Lynn Franco, director of the Conference Board Consumer Research Center, weakening business and job conditions have contributed to the fall of consumers' confidence.


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