BNP Paribas
Consumer confidence drops in AugustPosted by RJ and Makay on Aug 31, 2011 |
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Consumer confidence in August fell to its lowest level in more than two years, according to Tuesday’s Conference Board report. High unemployment, partisan wrangling over the budget, and volatile stock markets sank the index to 44.5 from a downwardly revised 59.2 in July, the lowest level since April 2009. It was the biggest month-to-month point drop since October 2008.
