Additionally, this reading was the fifth-weakest since the Conference Board started the index in 1967.
The index has now dropped by more than half since last July, when it was at 111.90
Consumers made a grim assessment of their present situation and their future prospects also. The present situation index dropped to 64.5 from a revised 74.2 in May.
The index of consumer expectations — the forward-looking part of the monthly survey — fell to its lowest level ever (41.0 from a revised 47.3 in May) amid growing concerns about jobs, economic expectations and increasing prices at the pump and in the grocery store.
Regards
Randy
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Las Vegas feels the pinch as US economy slows
Casino owners in Las Vegas have been warned that America's economic slowdown had left the gambling mecca facing "its most severe downturn ever".
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/07/02/bcnrecess302.xml
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