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May 13, 2006
Consumer Optimism Slips
Consumer jitters over rising oil prices, higher interest rates and a touchy political climate could take its toll on retail sales in the second quarter, economists warned this week.
U.S. consumer optimism fell in May to its lowest level since Hurricane Katrina, according to a survey by the University of Michigan.
If the sentiment remains, consumers could decide to curb their spending in favor of filling up their tanks and paying their bills.
Posted by Blacks on May 13, 2006 10:31 AM
