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Economy
In reply to the discussion: STOCK MARKET WATCH -- Wednesday, 28 March 2012 [View all]xchrom
(108,903 posts)48. Consumer confidence dips on fears of inflation
http://bottomline.msnbc.msn.com/_news/2012/03/27/10886067-consumer-confidence-dips-on-fears-of-inflation
Consumer confidence dipped in March, while Americans ratcheted up their inflation expectations to the highest level in 10 months, according to a private sector report released on Tuesday.
The Conference Board, an industry group, said its index of consumer attitudes eased to 70.2 from an upwardly revised 71.6 the month before. Economists had expected a reading of 70.3, according to a Reuters poll.
February's figure was originally reported as 70.8.
The expectations index fell to 83.0 from 88.4, though the present situation gauge gained to its highest level since September 2008 at 51.0 from 46.4.
Consumer confidence dipped in March, while Americans ratcheted up their inflation expectations to the highest level in 10 months, according to a private sector report released on Tuesday.
The Conference Board, an industry group, said its index of consumer attitudes eased to 70.2 from an upwardly revised 71.6 the month before. Economists had expected a reading of 70.3, according to a Reuters poll.
February's figure was originally reported as 70.8.
The expectations index fell to 83.0 from 88.4, though the present situation gauge gained to its highest level since September 2008 at 51.0 from 46.4.
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