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Watch US consumer spending stalls in May
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Watch US consumer spending stalls in May
The shock of the recession is still affecting the American consumer.Analysts had been hoping to see a slight pick-up in a new consumer confidence survey, but with previously released figures showing spending at its weakest in a year, that does not seem likely.In addition, the fragile housing market and stubbornly high jobless numbers are making US shoppers rein in their spending.Jill Martin reports from New York.
Video Length: 0
Date Found: June 28, 2011
Date Produced: June 28, 2011
View Count: 0
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