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November 27, 2007 - Forex Economic News
Forex Fundamental News - Home price values, consumer confidence decline.
Newly released data out of the U.S. today produced more negative news for the U.S. economy. The Standard & Poor’s/Case-Shiller Home Price Index which measures price values of single-family homes nationally, showed a drop of 4.5% in the 3rd quarter compared to one year ago. The 3rd quarter results were also down 1.7% from the 2nd quarter of this year which was the largest decline in quarters in the history of the index(21 years). Read the report.
Consumer confidence also declined in data released today by the Conference Board, which produces the Consumer Confidence Index. In a survey of 5,000 households, the index showed that consumer confidence declined from 95.2 in October to 87.3 in November. Rising oil prices, higher home heating costs and market volatility were highlighted by the survey as major factors contributing to the gloomy outlook. Read the report.
Tags: Consumer Confidence, Home Price Index, S&P/Case-Shiller, ------ Blog index
