Consumers Lose Faith
Source: Agencies |
June 1, 2011, Wednesday
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Print Edition
Print Edition
A monthly survey shows American consumers are losing faith that the economy will keep improving.
The Conference Board's Consumer Confidence Index fell to 60.8 from a revised 66 in April on worries about jobs and inflation. Economists had expected a rise to 67.
Results from the survey have been choppy in recent months, rising in April but falling in March. But before that the measure had risen for five consecutive months and hit a three-year high in February.
The index is far from the healthy reading of 90.
The Conference Board's Consumer Confidence Index fell to 60.8 from a revised 66 in April on worries about jobs and inflation. Economists had expected a rise to 67.
Results from the survey have been choppy in recent months, rising in April but falling in March. But before that the measure had risen for five consecutive months and hit a three-year high in February.
The index is far from the healthy reading of 90.
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