Consumer attitudes reaching the pits

November 28, 1990|By Los Angeles Times

Consumer attitudes about the U.S. economy edged lower in November and are close to the gloomiest depths reached in the 1982 recession, the Conference Board reported yesterday.

The finding, which raises new questions about the Christmas shopping season, came on a day of mostly downbeat economic news. A large majority of business economists said that the U.S. economy has entered a recession, and new reports said that sales of existing homes fell in October and that the U.S. trade deficit widened in the third quarter.

The notable exception to the dreary list was a sharp rise in auto sales during November, U.S. auto makers reported.

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