Consumer sentiment falls to 16-year low

June 2008
Las Vegas Business Press (10712186);6/2/2008, Vol. 25 Issue 22, pP21
This article reports on a decrease in the Consumer Confidence Index in the U.S. in May 2008. The Conference Board said the index reached a 16-year low as overall confidence in the economy continues to decline. The board attributed the decrease to an influx of housing inventory, falling home prices, elevated unemployment rates and rising gasoline prices.


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