US consumer sentiment hits rock bottom ...News

Russia Today - Economy
US consumer sentiment hits rock bottom
source : Russia Today ( News ) () 52
American consumer confidence plunged to 1980s lows, according to the University of Michigan The University of Michigan has revealed its consumer sentiment gauge has nosedived to a record low of 50.2 points on Friday. The figure stood nearly 10 points below predictions economic experts gave the Wall Street Journal and represented a drop of 8.2 points over the past month. Views on current conditions fell to 55.4 in June from 63.3 the previous month, and a “barometer of expectations” measure dived down further, from 55.2 to 46.8 among consumers queried for the report. Nor was consumer sentiment the only economic metr

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