December Consumer Confidence Drops to All-Time Low

NEW YORK (AP) - A private research group says consumer
confidence hit an all-time low in December, dropping unexpectedly
in the face of layoffs and deteriorating markets for housing,
stocks and other investments.
The Conference Board's Consumer Confidence Index fell to 38 in
December, from a revised 44.7 in November. Economists surveyed by
Thomson Reuters had expected the index to rise incrementally to 45.
The separate Present Situation index, which measures how
respondents feel about business conditions and employment
prospects, fell to 29.4 in December from 42.3 in November. It is
now close to levels last seen after the 1990 to 1991 recession.


You must be logged in to post comments.

Username:
Password (case sensitive):
Remember Me:

Read Comments

Comments are posted from viewers like you and do not always reflect the views of this station.
  • by Anonymous on Jan 2, 2009 at 02:44 AM
    The housing industry started this mess.
  • by Judy Location: Pineville on Jan 1, 2009 at 08:16 AM
    Well, it all started out when we got robbed paying so much for gas, that broke us all up and went down hill ever since...$5.00 down to $1.37........DUH GAS COMPANIES HAVE RUINED THE UNITED STATES...THAT IS ALL YOU CAN BLAME IT ON...NOW THE GOVERNMENT HAS GIVEN ALL OUR TAX MONEY AWAY SO THE LARGE COMPANIES AND BANKS CAN GIVE THEIR EXECUTIVES MILLIONS OF DOLLARS IN BONUSES........GO FIGURE...THAT WAS THE BIGEST MISTAKE, BUT US WORKING PEOPLE JUST HAVE TO KEEP PAYING MORE AND MORE...WHERE WILL IT EVER END
  • by steve on Dec 30, 2008 at 03:41 PM
    No wonder look what a bunch of idiots thats running the country gees.
  • by anonymous on Dec 30, 2008 at 01:23 PM
    Comsumer confidence would rise if we could find more products that was made in the U.S.A.
  • by Jay Location: KY on Dec 30, 2008 at 11:24 AM
    Well, DUH!!

WKYT

2851 Winchester Rd. Lexington, Ky 40509 859-299-0411 - switchboard 859-299-2727 - newsroom
Register for Email
RSS Feeds
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 36886604 - wkyt.com/a?a=36886604
Gray Television, Inc.