Friday August 7, 2020

US consumer confidence slumps

Consumer confidence unexpectedly slumped in October to the lowest level since March 2009, when the US economy was in a recession.

25th October, 2011

Consumer confidence unexpectedly slumped in October to the lowest level since March 2009, when the US economy was in a recession, as Americans’ outlooks for employment and incomes soured, according to a Bloomberg report.

The Conference Board’s sentiment index decreased to 39.8 from a revised 46.4 reading in September, figures from the New York-based private research group showed today. This month’s reading was less than the most pessimistic forecast in a Bloomberg News survey in...

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