Consumer confidence drops by 11 percent in October
The level of consumer confidence fell from 53.4 in September to 47.7 in October.
Consumers' confidence about the U.S. economy fell unexpectedly in October as job prospects remained bleak, a private research group said Tuesday, fueling speculation that an already gloomy holiday shopping forecast could worsen.
The Consumer Confidence Index, released by The Conference Board, sank unexpectedly to 47.7 in October — its second-lowest reading since May. . . .
Labels: Economy, ObamaAdministration, stimulus
posted by John Lott at 11:50 AM
1 Comments:
I may be calling it early, but it's a failed presidency. So much promise, such poor performance. He could have at least turned out to be competent.
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