March 25, 2003

Declining Consumer Confidence...

Disappointing, but not unexpected:


FT.com Home US: US consumer confidence declines again. By Peronet Despeignes in Washington. Published: March 25 2003 15:33 | Last Updated: March 25 2003 15:33 | US consumer confidence fell to a new  nine-year low in the days leading to the beginning of the US war with Iraq, according to figures released on Tuesday.

The Conference Board said its index of consumer confidence fell to a preliminary 62.5 in March, the lowest reading since October 1993. The index, which is based on a monthly survey of 5,000 households, has fallen more than 40 per cent from last  year's high of 110.3 in May...

Posted by DeLong at March 25, 2003 08:53 PM | TrackBack

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