U.S. consumer confidence collapses

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'Index compiled by Reuters, with the help of the' University of Michigan U.S. consumer confidence fell in March to 69.5 ¨ according to final data released today, from 70.8 the month of February. It seems that the figure is lower than the estimates of analysts who had expected a decline to 70.0 from 70.5 in the preliminary reading. Instead, the value has hit its lowest for 16 years, namely the level pià ¹ lowest since February 1992. To weigh on confidence of U.S. consumers à ¨ primarily braking of 'employment plus the rise in prices of food and fuel. Also today, the move has been widely given on consumption levels in February, with the index of personal spending, which marked the growth pià ¹ low for over a year, confirming the slowdown of 'economy.

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