Consumer Confidence Further Deteriorates
May 5, 2008,
Noting, "The glass remains half empty," Lynn Franco, director of The Conference Board Research Center, said the April Consumer Confidence Index does not bode well.
"This continued weakening suggests that not only has the feeble level of growth in the first quarter spilled over into the second quarter, but that economic conditions may have slowed even further," said Franco. "Consumers' inflation expectation...now matches the all-time high reached in the aftermath of Hurricane Katrina."
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