U.S. consumer confidence at three-month low: report
NEW YORK |
NEW YORK (Reuters) - ABC News said on Tuesday that its weekly measure of U.S. consumer confidence fell to a three-month low, as Americans' views on the buying climate hit their lowest levels this year.
The Consumer Comfort Index edged lower to -51 in the week ended October 25 from a -50 the prior week.
It was the index's lowest reading since mid-July, and puts the level in close proximity to its record low.
The index first hit an all-time low of -54 in the week to December 1, 2008, and again in the week to January 25, 2009.
The ABC News consumer confidence survey was based on a sample of about 1,000 interviews conducted in the four weeks ending October 25 and has a margin of error of plus or minus 3 percentage points.
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