Consumer Confidence Plummets in the Face of Gas Price Hikes and Credit Crunch, According to RBC Cash Index

From: U.S. Newswire | Date: November 9, 2007 | Copyright information

To: BUSINESS EDITORS

Contact: Loretta A. Healy, The Hubbell Group, Inc., (781) 878- 8882; Kevin Foster, RBC Capital Markets, (212) 428-6902

NEW YORK, Nov. 9 /PRNewswire-FirstCall/ - U.S. consumer confidence reached its lowest level in more than two years this month amid concerns over record-high oil prices, continued trouble in the housing market and higher inflation, according to the most recent results of the RBC CASH (Consumer Attitudes and Spending by Household) Index, which measured the attitudes of 1,005 Americans this week. Although consumer attitudes deteriorated across the board, the ...

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