✉news BusinessEconomy first seen 5 h ago, last 23 min ago, peak #20
Consumer confidence hits 12-year low, survey shows
Original: Consumer confidence falls to its lowest level in 12 years, survey shows
A new survey finds consumer confidence has fallen to its lowest level in 12 years, a signal that households are increasingly pessimistic about the economy and their own finances. The drop matters because consumer spending drives much of economic activity, and sustained weakness in sentiment often points to slower growth ahead, prompting concern among economists, businesses and policymakers.
Why now: Falling consumer sentiment signals potential economic trouble, making it a major concern for households, markets and policymakers.
consumersMarketplacethe US economy
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Evidence
- Consumer confidence falls to its lowest level in 12 years, survey shows · marketplace.org
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