Consumer sentiment data shows people are still worried about the future of the U.S. economy. For the government’s spending to be worthwhile, consumer spending needs to return. The stock market will be turning to the return of consumer spending as states start to reopen. As the stock market pines for U.S. states to reopen their…
The Conference Board’s gauge of U.S. consumer confidence plunged from 132.6 to 120 in March, while economists expected a 110 number. Confidence is likely to decline further in the coming months. It will probably take a long time before consumers start spending like before the crisis. The Conference Board said Tuesday its consumer confidence index…
As coronavirus fear is rising, consumer sentiment is falling. Economists expect consumer sentiment to keep plunging as coronavirus causes disruptions to the global economy. Slower GDP growth is forecaste; the risk of a recession is rising. Americans are expecting a dark economic outlook amid coronavirus panic, according to a survey of consumer attitudes released Friday…
