CONSUMER CONFIDENCE DROPS TO LOWEST LEVEL OF 2006

The confidence level of the nation’s consumers took a downward turn in August, according to a recent report from The Conference Board. Following last month’s modest improvement, the Consumer Confidence Index decreased to 99.6 (1985=100) this month, down from 107 in July. The Present Situation and Expectations indexes also edged down, falling to 123.4 and 83.8, respectively. According to the report, this is the largest one-month decline in consumer confidence since Hurricane Katrina hit one year ago, and consumer confidence now stands at the lowest level of 2006. Search the entire San Diego MLS for your perfect home. We have a website just for downtown San Diego real estate as well as our newest site just for Palermo condominiums San Diego. List your property for free at San Diego for sale by owner.