Tuesday, September 27, 2005

Quick Overview

  • The Conference Board said its index of consumer confidence for September slid to 86.6, down from 105.5 in August and the lowest reading in nearly two years.

  • Sales of new homes plunged in August by the largest amount in nine months as the nation's housing industry continued to flash mixed signals about whether the boom is starting to fade.
    The report showed sales of single-family homes decreased to a seasonally adjusted annual rate of 1.237 million last month from 1.373 million. The 9.9% decline reported by the Commerce Department was the largest since sales fell 10.0% in November 2004.

  • German business confidence unexpectedly rose to 96 from August's 94.6 an eight-month high in September.

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