The New York-Based Conference Board reports that its consumer confidence index stands at 54.1, up from a revised 47.4 reading in July.

VOA: standard.2009.08.25

U.S. economic data due for release Wednesday includes the weekly MBA mortgage applications survey, the weekly Goldman Sachs and Johnson Redbook retail sales reports, revised productivity and costs, and the ISM New York report on business.

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The revised forecast follow grim research reports this week from Dell and Hewlett-Packard.

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The unemployment rate held steady at 9.1%, but the report revised both the June and July reports lower.

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