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Personal income probably declined in July, following a 1.9% increase in the previous month

Posted by BBVA Bancomer in August 25th 2008  
Consumer Confidence (August, Tuesday 10:00 ET) F: 52.5 C: 53.0 P: 51.9 Consumers’ assessments on current and future economic conditions may have improved in August favored by a decline in gasoline prices. Over the past five weeks, prices at the pump have declined by an average weekly rate of 1.5%, standing at $3.79 per gallon in the week ending August 18th. Consequently, we expect the Conference Board Consumer Confidence Index to increase slightly to 52.5 from 51.9 in July. Personal Income Read More...

Filed under: Fundamental