XPost: alt.politics.republicans, alt.politics.usa, alt.society.conservatism   
   XPost: alt.politics   
   From: m@l.mal   
      
   US consumer confidence slips to five-month low   
      
   June 27, 2012.   
      
   Confidence among US consumers dropped in June for a fourth consecutive   
   month as mounting concern over jobs and incomes dimmed the outlook for   
   spending.   
      
   The Conference Board's sentiment index fell to 62, a five- month low,   
   from a revised 64.4 in May, figures from the New York-based private   
   research group showed today. Another report showed home prices were   
   stabilizing.   
      
   The slide in confidence raises the risk that the slowdown in hiring   
   revealed by last month's jobs report will cause households to   
   retrench, restraining the spending that accounts for about 70 per cent   
   of the economy.   
      
   “The employment situation continues to weigh on consumer minds,” said   
   Yelena Shulyatyeva, a US economist at BNP Paribas in New York, who   
   correctly forecast the confidence index.   
      
   Expectations Dim   
      
   The Conference Board's confidence gauge reflected growing concern   
   about the short-term outlook. The gauge of expectations for the next   
   six months fell to 72.3, the lowest level since November, from 77.3 a   
   month earlier. The measure of present conditions climbed to 46.6 from   
   44.9 in May.   
      
      
   http://www.smh.com.au/business/world-business/us-consumer-confid   
   nce-slips-to-fivemonth-low-20120627-21115.html#ixzz1ywNmVJ2Q   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)