The University of Michigan reported that its preliminary index of consumer sentiment dropped 14 percent in September from August to 76.9, its lowest index since 1992. Since July, the index is down 20 points, or 20 percent.
The declines are said to be attributable to both rising gas prices an d the impact of Hurricane Katrina.
The declines are said to be attributable to both rising gas prices an d the impact of Hurricane Katrina.
- KC's View:
