Mish's Global Economic Trend Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: yard_man who wrote (2245)	3/16/2004 9:52:36 PM
From: mishedlo	Read Replies (1) of 116555

US consumer confidence at 10-month low-ABC/Money Tuesday March 16, 6:28 pm ET NEW YORK, March 16 (Reuters) - U.S. consumer confidence fell sharply to its lowest level in 10 months, a report said on Tuesday, in a sign Americans are growing impatient with the economy's seeming inability to create new jobs. ABC News/Money Magazine said its weekly Consumer Comfort index slid to -22 in the week to March 14 from -18 in the prior week, an unusually steep decline for this indicator. The gloom was pervasive, with the poll's individual readings on the current state of the economy, personal finances and buying climate slipping across-the-board. Worse yet, consumer expectations tracked in a separate ABC/Money survey also deteriorated. The number of respondents saying they were pessimistic about the economy's future has swelled 15 percent over the past two months. Only 23 percent of Americans now believe the economy is getting better. The grim consumer outlook was in line with the results of other sentiment surveys, which have been hit hard as Americans become frustrated with a jobless economic recovery. While analysts caution that consumers have often kept spending money even as they complain to confidence surveys, they worry that a persistent jobs rut will eventually catch up with consumers, forcing them to tighten their purse strings. The ABC/Money survey was based on 1,000 interviews conducted in the month ending March 14, and has a margin of error of plus or minus three percentage points.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next