US retail sales rise 1.1 percent

14.10.2011

Consumer confidence rebounded modestly in September after dipping in early August to its lowest in more than three decades.

Confidence sank deeply over the summer when a bruising battle over the US budget slammed stock prices and pushed the nation to the brink of default. Even with September's modest improvement, Americans were still more worried about the economy's outlook than at any point since 1980.