The Conference Board reports that its Consumer Confidence Index fell 7.4 points in August to 99.6, the lowest number since last November and the biggest drop since September 2005, right after Hurricane Katrina decimated the Gulf Coast.
The number of consumers who said “jobs were not so plentiful” reached 54.5 percent, the highest percentage since November 2005.
Lynn Franco, director of The Conference Board Consumer Research Center, said that consumers seem to believe that the glass is half-empty rather than half-full.
The number of consumers who said “jobs were not so plentiful” reached 54.5 percent, the highest percentage since November 2005.
Lynn Franco, director of The Conference Board Consumer Research Center, said that consumers seem to believe that the glass is half-empty rather than half-full.
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