US Uni. Of Confidence plunging…

  @ibtimes on February 12 2010 3:07 PM

US Preliminary reading of its Uni. Of Confidence for this month plunged to 73.7; worse than the forecasted 75.0 and the prior reading of 74.4, while that economic conditions climbed to 84.1 within the same period from 81.1 but the economic outlook plummeted slightly to 66.9 from 70.1.

As for inflations levels, the inflationary pressures are expected to decline faintly to 2.7% a year ahead in February from 2.8%, while the inflation expectations five years ahead could come out in February around 2.8% from 2.9%.

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