US Consumer Sentiment Falls To Lowest Level in Two Years
The preliminary reading for the consumer sentiment index dropped to 63.8 in July from 71.5 the month before, falling far short of expectations of an increase to 72.5, according to a Reuters poll of economists.
The survey's barometer of current economic conditions fell to 76.3, the lowest since November 2009, from 82.0. The gauge of consumer expectations was also at its lowest since March 2009, tumbling to 55.8 from 64.8.
What this all means is that people do not have faith that the American economy is going the right way. Use this information however you want, but at least you need to be informed.
__________________
Always Looking to Acquire Houses | Always Looking to Amaze Investors
The preliminary reading for the consumer sentiment index dropped to 63.8 in July from 71.5 the month before, falling far short of expectations of an increase to 72.5, according to a Reuters poll of economists.
The survey's barometer of current economic conditions fell to 76.3, the lowest since November 2009, from 82.0. The gauge of consumer expectations was also at its lowest since March 2009, tumbling to 55.8 from 64.8.
What this all means is that people do not have faith that the American economy is going the right way. Use this information however you want, but at least you need to be informed.
Always Looking to Acquire Houses | Always Looking to Amaze Investors