Consumer Confidence Remains Wobbly but Layoff Fears Decline
According to the BIGresearch monthly Executive Briefing consumer study, confidence in the economy remains historically low a year after the financial tumble that followed the collapse of Lehman Bros. Consumers feel a little better than they did last October. This year, just over 30 percent said they felt confident or very confident about prospects for a strong economy versus 19 percent last October. That’s also up about half a point from last month. However, numbers so low haven’t been registered since October of 2002, when 26 percent of consumers were expressing confidence in the economy. Of course, the Conference Board’s consumer confidence rating fell to 53.1 in September, down from 54.5 in August. As expressed in the Present Situation Index,…
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