U.S. consumer confidence plunges; retail gains shrink

09/15/2013 | Bloomberg Businessweek

A measure of U.S. consumer sentiment has fallen much more sharply than expected this month, reaching a low not seen since April. The Thomson Reuters/University of Michigan preliminary index of consumer sentiment came in at 76.8, down from August's 82.1. Separately, the Commerce Department reported retail sales rose a weak 0.2% in August, the smallest gain in four months.

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