Consumer Confidence Hits New Low
The Consumer Confidence Index plummeted again in May to a reading of 57.2. This marks the index’s fifth straight month of decline and a 16-year low. Lynn Franco, director of The Conference Board Consumer Research Center, attributed the ongoing slump to “weakening business and job conditions coupled with growing pessimism about the short-term future.”
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2008 |
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88.6 |
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87.3 |
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75.0 |
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64.5 |
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62.3 |
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57.2 |
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