Confidence Drops in September

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Consumer confidence tumbled in early September as Hurricane Katrina made people feel anxious about the economy’s prospects and their own in the months ahead, according to figures released Friday.


The RBC CASH Index, based on polling by Ipsos, showed that consumer confidence sank to 61.5 in September, the lowest since early March 2003, when confidence dropped to 61.4 as a nervous country hunkered down for the start of the Iraq war.


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