Posted in Main Blog (All Posts) on June 28th, 2008 4:42 am by HL
- NEW YORK (Reuters) – consumer confidence fell more than expected in June, hitting another 28-year low as surging prices and mounting job losses sapped sentiment, according to a survey released on Friday.
The Surveys of Consumers said the final June reading for its index of confidence fell to 56.4 from May’s 59.8.
The June reading is the lowest since 51.7 in May 1980, which was also the lowest reading ever. The index dates back to 1952, though the survey has been conducted since 1946.