Manufacturing Industry
Consumer confidence drops.(ViewPoint: MarketWatch)
Remodeling, December, 2005
This news probably won't come as a surprise, but consumer confidence is down.
The latest Consumer Confidence Index, published by research organization The Conference Board, indicates that the general public is concerned with both the immediate economic situation, as well as with what's ahead in the coming months.
October's Present Situation Index decreased more than two points to 108.2, its lowest point since last December. And, after a precipitous drop in September, the Expectations Index continued downward, falling to 69.5. The last time that consumers were this pessimistic about economic conditions six months hence was March of 2003.
Two of the three factors contributing to the decrease were, as you might expect, directly attributable...
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