In this May 27, 2011 photo, a customer fuels up his car in view of gas prices, in Philadelphia. A monthly survey shows consumers are losing faith that the economy will keep improving. (AP Photo/Matt Rourke)
Consumer Confidence Index drops unexpectedly to 6-month low in May; gas, job worries persist
Mae Anderson, AP Retail Writer
Tuesday May 31, 2011, 11:29 am
NEW YORK (AP) — Americans are losing faith that the economy will keep improving, according to a monthly survey.
The Conference Board’s Consumer Confidence Index fell to 60.8 from a revised 66 in April, a sign of the toll that high gas prices, a choppy job outlook and a moribund housing market are taking on people’s psyches. Economists had expected an increase to 67. It was the lowest reading since November.
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