Tuesday, August 29, 2006

The glass appears half-empty indeed

Consumer confidence, or consumers' overall assessment of current conditions has dropped.
"Less favorable business conditions coupled with a less favorable job scenario have resulted in the largest one-month decline in confidence since Hurricane Katrina last year," Lynn Franco, director of The Conference Board Consumer Research Center, said in a statement.
"Consumers are growing increasingly pessimistic about the short-term outlook."

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