Posted on 17/05/08
U.S. consumer confidence falls; housing starts mixed
U.S. consumer confidence tumbled to a 28-year low this month as rising prices strained household finances, while another drop in single-family housing starts underscored problems still plaguing the U.S. economy. The Reuters/University of Michigan index of consumer confidence certainly highlighted the threat to economic growth, dropping to 59.5 in May - the lowest level since June, 1980.
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