US Consumer Confidence Tumbles in August
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US consumer confidence fell sharply in August, breaking four straight months of gains, as a slowdown in job growth creation and rising oil prices weighed on sentiment.
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Retail sales slid in August as people steered away from buying cars and shoppers kept a close eye on their spending after splurging in July.
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The Conference Board reported Tuesday that US consumer confidence fell for a third consecutive month in October, suggesting growing concerns over the economy before the presidential election.
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NEW YORK -- Americans' faith in the economy tumbled in August to a nine-month low, which could translate to tightened purse strings if job growth stumbles or fuel costs rebound.
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Retail sales were weaker than expected in August; confidence wanes.
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US consumer confidence unexpectedly fell in early January, the first drop in three months, as stocks declined and oil prices crept up, a report yesterday showed.
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A perceived weakening of economic growth and employment prospects hurt US consumer confidence in June.
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New orders for long-lasting  U.S.-made manufactured goods took their sharpest tumble in  seven months during August, the Commerce Department reported on  Wednesday as demand weakened across nearly every category of  durable good.
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Consumers' renewed worries about job prospects led to a bigger-than-expected drop in confidence in August and suggested the economic expansion is fragile.
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Stocks fell on Tuesday as a sharp drop  in U.S. consumer confidence in August stirred fresh doubt about  the economy and analysts lowered revenue forecasts for  technology bellwether Intel Corp. INTC.O
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US consumer confidence fell for the second straight month in September as the outlook for jobs deteriorated, the Conference Board said.
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U.S. consumer confidence slipped to a  nine-month low in August on inflation and job worries, while  minutes of the Federal Reserve's policy meeting showed most  officials thought inflation would ease in the months ahead.
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Consumer confidence dropped to its lowest levels since midsummer amid worries about high energy prices, uncertainty about the labor market and anxiety about making major purchases like a car or a home.
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Consumer confidence, which had been on the rise since April, declined unexpectedly sharply in August, a private research group said today.
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Consumers' renewed worries about job prospects led to a bigger-than-expected drop in confidence in August and provided more evidence of the fragility of the economic expansion.
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Confidence among US consumers falls in January as shoppers worry about the job market, new figures show.
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U.S. consumer sentiment surpassed expectations in late August after declining earlier in the month as oil prices eased from record highs and security fears abated, according to sources who saw a survey on Friday.