NEW YORK | Tue Oct 25, 2011 5:45pm EDT
(Reuters) - Consumer confidence unexpectedly dropped to its lowest level in two-and-a-half years in October, while house prices were unchanged at low levels in August, suggesting the consumer is still struggling.
Taken along with recent regional manufacturing data that hinted at stabilization in the sector in October, Tuesday's U.S. data underscored the view that the economy should avoid another recession, though growth will be slow."
(Reuters) - Consumer confidence unexpectedly dropped to its lowest level in two-and-a-half years in October, while house prices were unchanged at low levels in August, suggesting the consumer is still struggling.
Taken along with recent regional manufacturing data that hinted at stabilization in the sector in October, Tuesday's U.S. data underscored the view that the economy should avoid another recession, though growth will be slow."
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