Wednesday, August 29, 2012


Consumer confidence is tanking to a 9 month low.  "Unexpectedly."

U.S. consumer confidence unexpectedly weakened in August to its lowest in nine months as Americans turned more pessimistic about the short-term outlook, according to a private sector report released on Tuesday.

The Conference Board, an industry group, said its index of consumer attitudes fell to 60.6 from a downwardly revised 65.4 the month before. Economists had expected an increase to 66, according to a Reuters poll.
It was the lowest level since November. July was originally reported as 65.9.

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