U.S. Economy: Consumer Confidence Wanes, House Prices Decline

U.S. consumer confidence declined from a five-year high in March as gasoline prices rose, the stock market fell and the housing recession showed few signs of ending.

The New York-based Conference Board's index of consumer confidence retreated more than forecast to 107.2, from 111.2 in February. The survey also said fewer Americans planned to buy a house, while the S&P/Case-Shiller index showed home prices dropped in January for the first time in at least six years.

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- Posted: 2007-03-27 12:03:23

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