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Strategies & Market Trends : Aardvark Adventures
DAVE 201.25-1.7%2:10 PM EST
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From: ~digs2/15/2008 2:27:29 AM
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After falling to the lowest level ever recorded on Wednesday, the Rasmussen Consumer Index gained back a point-and-a-half on Thursday. The Index measures consumer confidence on a daily basis and was created in October 2001. Today’s level of confidence is the second lowest level in that nearly seven year period. At 83.2, the Index has fallen seven points over the past week since Congress passed the economic stimulus package. It has fallen sixteen points since the beginning of the year. Among adults, 49% believe their personal finances are getting worse. The Rasmussen Consumer Index reached its highest level ever at 127.0 on January 6, 2004. The all-time low was reached February 13, 2008 at 81.7. The baseline for the Rasmussen Consumer Index was established at 100.0 in October 2001. The current reading of 83.2 means that overall levels of economic confidence are lower today than the confidence level in the aftermath of the 9-11 terrorist attacks.
rasmussenreports.com
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