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U.S. consumer confidence falls to record low -ABC
NEW YORK, Nov 18 (Reuters) - The ABC News Consumer Comfort Index reached a historic low on Tuesday, with the nation's economic weakness threatening retailers at the beginning of the holiday season.
In the latest release of the 22-year weekly poll, the CCI fell to -52 from -50 in the previous week.
Economists in a Reuters survey expected a reading of -50.
The index ranges from -100 to +100.
------POSITIVE VIEWS ON------
NATIONAL PERSONAL BUYING W/E CCI ECONOMY FINANCES CLIMATE --------------------------------------------- 11/16 -52 7 44 21 11/09 -50 9 45 21 11/02 -48 10 47 21 10/26 -49 8 49 19
The ABC News consumer confidence survey was based on a sample of about 1,000 interviews conducted in the four weeks ending Nov. 16 and has a margin of error of plus or minus 3 percentage points. (U.S. Treasury Desk; Tel: 646-223-6300)
