US Economic & Consumer Confidence Plunges To 10-Month Lows As “Hope” Crashes

by Tyler Durden
ZeroHedge.com
07/28/2015

The Conference Board just reported that US Consumer Confidence, having bounced in June, has collapsed in July (and saw the bounce revised drastically lower). At 90.9, this is the lowest since September 2014 and is below the lowest economist estimate. More worrying is the crash in “hope” – as consumer expectations plunge from 92.8 to 79.9 (lowest since Feb 2014). This should not be a surprise since Gallup has been indicating fading confidence in its weekly survey for a while. 57% of Americans believe the US economy is “getting worse,” which has left Gallup’s Economic Confidence Index tumbling to its lowest in 10 months.

The Rest…HERE

This entry was posted on Tuesday, July 28th, 2015 at 10:29 am and is filed under Economics, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.