US confidence likely decline into holidays -U.Mich - News

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US confidence likely decline into holidays -U.Mich

By: AFX | 13 Nov 2009 | 10:38 AM ET

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NEW YORK, Nov 13 (Reuters) - U.S. consumers are reeling from job losses, holding back on big-ticket purchases and worried that unemployment will peak at 10.75 percent in the year ahead, the director of the Reuters/University of Michigan Surveys of Consumers said on Friday. "In real terms we are probably not going to see an increase in retail sales over the holidays," Richard Curtin, director of the survey, told Reuters Insider television. Curtin said consumers believe there will eventually be an improvement in the economy but "at a much slower pace". (Reporting by Daniel Bases and Walden Siew; Editing by James Dalgleish) ((daniel.bases@thomsonreuters.com; Tel: +1 646 223 6131; Reuters Messaging: daniel.bases.reuters.com@reuters.net)) Keywords: USA ECONOMY/SENTIMENT CURTIN (Multimedia versions of Reuters Top News are now available for: * 3000 Xtra: visit http://topnews.session.rservices.com * BridgeStation: view story .134 For more information on Top News: http://topnews.reuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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