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October 17th, 2011 8:13 AM

Consumers' confidence in the economy remained weak in September after dropping to a post-recession low during the month before as Americans continue to worry about high unemployment and low wages.

The Conference Board, a private research group, said Tuesday that its Consumer Confidence Index was at 45.4, up slightly from a revised 45.2 in August. Economists surveyed by FactSet had expected a reading of 46. The August reading, which was the lowest since April 2009, was almost 15 points below July's reading of 59.2

A reading above 90 indicates the economy is on solid footing. Economists watch the number closely because consumer spending accounts for about 70 percent of U.S. economic activity.


Posted by Lehel Szucs on October 17th, 2011 8:13 AMPost a Comment (0)

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