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Essay

Conumer Confidence Weakens To an Almost Two-Year Nadir

Essay specific features

 

Issue:

Business

 

Written by:

John V

 

Date added:

April 21, 2017

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 507

 

Was viewed:

2259 times

 

Rating of current essay:

 
Essay content:

Household spending has proved resilient to shocks in the past, though it remains unclear whether that will be the case this time. The Conference Board said its consumer-confidence index fell to 86.6 in September, down quickly from 105.5 in August. That marked the largest decline in confidence since October 1990, when consumer spending was constricting in inflation-adjusted terms...
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That marked the largest decline in confidence since October 1990, when consumer spending was constricting in inflation-adjusted terms. The level of confidence was the lowest since October 2003. The index was equivalent to 100 in 1985. The private research group credited the drop to rising gasoline prices and the late and famous Hurricane Katrina...
displayed 300 characters

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