AUGUST 30, 2011, 10:03 A.M. ET
Consumer Confidence Plunges
By KATHLEEN MADIGAN
wsj.com
The mood among U.S. consumers plummeted in August, perhaps as a consequence of the debt-ceiling debate in Washington, according to a report released Tuesday.
The Conference Board, a private research group, said its index of consumer confidence dropped to 44.5 this month, from a revised 59.2 in July, first reported as 59.5.
The August reading is the lowest since April 2009 and was far worse than the 52.0 expected by economists surveyed by Dow Jones Newswires.
Full story: http://online.wsj.com/article/SB10001424053111904332804576540322010647048.html?mod=googlenews_wsj
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