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August 29, 2006

Consumer Confidence Dips In August

Consumer confidence took a dive in August on concerns over the economy and the employment environment.

The Conference Board’s index of consumer confidence fell to 99.6 during the month, from 107.0 in July.

The slump in the housing market, high energy prices and inflation fears are also being blamed for the atmosphere of uncertainty.

Posted by Blacks on August 29, 2006 09:35 AM

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