US consumer confidence falls; home prices stagnate
China Daily | Updated: 2011-10-27 07:51
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A "for sale" sign outside a home in Durham, North Carolina. The S&P/Case Shiller composite index of US house prices in 20 metropolitan areas was flat in August compared with the month before on a seasonally adjusted basis. Jim R. Bounds / Bloomberg |
NEW YORK - Consumer confidence unexpectedly dropped to its lowest level in two-and-a-half years in October, while house prices were unchanged at low levels in August, suggesting the consumer is still struggling.
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