Consumer Confidence Sinks To New LowPublished by Fred Soto • April 11th, 2008 RSS News Feed
Americans are becoming less confident in the economy and more concerned about the mounting job losses, energy costs and record-high home foreclosures. The RBC Cash Index suggests a lowly 29.5 mark in April, down from 33.1 in March. This was the worst reading since the index first started measuring economic indicators in 2002. This is the fourth month where consumer confidence has dropped to a new low.