U.S. consumer confidence fell sharply as expectations about economic conditions plummeted in July. The Conference Board’s Consumer Confidence Index fell to 92.6 from 98.3 in June. Wall Street economists had forecast a milder decline to 95.7, according to Econoday. The Present Situation Index – based on consumers’ assessment of current business and labor market conditions…
U.S. businesses just recorded a historic nosedive in confidence, as recorded by the NFIB’s Optimism Index. Businesses expect a sharp contraction in sales and marked deterioration in the U.S. economy. The slump in business confidence is an early forewarning of just how steep the coronavirus recession is likely to be. The coronavirus is causing the…
The Conference Board’s gauge of U.S. consumer confidence plunged from 132.6 to 120 in March, while economists expected a 110 number. Confidence is likely to decline further in the coming months. It will probably take a long time before consumers start spending like before the crisis. The Conference Board said Tuesday its consumer confidence index…
