Filed under: Bad News, Consumer Experience, Market Matters, Money and Finance Today, Economic Data, Oil
Consumer confidence fell more than expected during the month of March, hitting a new three-month low as high gasoline prices weigh on the minds on consumers.
The Conference Board’s consumer confidence index read 74 during February, but dipped in March all the way down to 63.4. Going into today’s reading, analysts had been expecting to see the consumer confidence index decline, but only to 65.
Continue reading Consumer Confidence Hits Three-Month Low
Consumer Confidence Hits Three-Month Low originally appeared on BloggingStocks on Tue, 29 Mar 2011 16:00:00 EST. Please see our terms for use of feeds.
Permalink | Email this | Comments
The University of Michigan consumer sentiment numbers 
I remember 15 years ago, I rarely felt more satisfied than when I sold an unwanted CD for a decent price (still looking for someone to take that Spin Doctors album off my hands). It was also a rush to score a CD that was new (and cheap) to me, even if it had been dismissed by its former owner. That business may have suffered a precipitous fall, the trade of used goods continues to thrive among the gaming community.
In order for the current U.S. economic recovery to continue, people are going to need to spend. But in April, consumer spending had its 
