NEW YORK (Reuters) – Consumers turned more pessimistic this month, while home prices fell back below crisis-era lows in March, pointing to an economy that continues to struggle.
There were also more signs of softness in manufacturing, as a barometer of business activity in the U.S. Midwest fell to its lowest reading since November 2009, data showed on Tuesday.
Other regional reports have pointed to weaker growth in manufacturing this month amid supply chain disruptions from the March earthquake in Japan. A gauge of the U.S. national sector from the Institute for Supply Management's manufacturing index is due on Wednesday.
via news.yahoo.com