Consumers become more pessimistic about economy
CHICAGO (AP) - Consumers' confidence about the U.S. economy fell The Conference Board's Consumer Confidence Index shows Americans are as worried about the economy's current state as they've been in nearly three decades. They also have a grim outlook for the future, expecting a worsening business climate, fewer jobs and lower salaries. That sentiment drove Tuesday's results, which showed the index Analysts surveyed by Thomson Reuters expected a reading of 53.1. A reading above 90 means the economy is on solid footing. Above 100 signals strong growth. The index has seesawed since a historic low of 25.3 in February and climbed to 53.4 in September. (Copyright 2009 by The Associated Press. All Rights Reserved.)
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