Tuesday, May 22, 2007

ABC-Wash Post Consumer Confidence Index falls to 2007 low

(Reuters) - The national price for regular unleaded gasoline hit a
record $3.22 a gallon this week, and is up $1.05 since the
beginning of February, according to the Energy Department.




Confidence measures are generally viewed as a barometer of
consumer spending, which accounts for two-thirds of the U.S.
economy. However, economists note that consumers do not always
act in accordance with their statements to surveys.


Read more at Reuters.com Economic News

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