US consumer confidence slumps in latest week - ABC
NEW YORK, Oct 20 (Reuters) - ABC News said on Tuesday that its weekly U.S. consumer confidence gauge slipped further, as Americans became increasingly cautious about the current buying climate.
The Consumer Comfort Index fell to -50 in the week ended Oct. 18 from -48 in the previous week, nearing its record low.
The index first hit an all-time low of -54 in the week to Dec. 1, 2008, and again in the week to Jan. 25, 2009.
------POSITIVE VIEWS ON-------
NATIONAL PERSONAL BUYING W/E CCI ECONOMY FINANCES CLIMATE ------------------------------------------------ 10/18 -50 11 41 23 10/11 -48 11 42 25 10/4 -45 11 44 27 9/27 -46 10 45 26 9/20 -46 10 45 26 9/13 -49 9 44 24 9/6 -48 8 45 25 8/30 -45 8 48 27 8/23 -45 8 49 25 8/16 -46 7 48 26 8/9 -47 8 47 25 8/2 -49 9 44 24
The ABC News consumer confidence survey was based on a sample of about 1,000 interviews conducted in the four weeks ending Oct. 18 and has a margin of error of plus or minus 3 percentage points. (U.S. Treasury desk; Tel: 646-223-6300)
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