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Consumer Confidence Hits All-Time Low

Signs point to drop in consumer spending, deepening downturn

By Kevin Spak, Newser Staff

Posted Oct 28, 2008 10:07 AM CDT

(Newser) – Consumer confidence hit a record low in October, Bloomberg reports, raising the specter that spending will slow significantly. The Conference Board’s index dove to 38, the lowest reading since the metric’s inception in 1967, and far worse than analysts expected. With the stock... Read full story »

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(NEWSER) - Consumer spending fell in December to finish off its worst year since 1961, Bloomberg reports. Purchases fell 1%, topping analyst estimates of a 0.9% decline. It was the record sixth consecutive month spending has fallen, and that streak may get longer, one economist predicted. Thanks to nearly 2.6 million job losses last year, he says, “further declines are likely in coming quarters.” More»

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Consumer Confidence Hits All-Time Low

Signs point to drop in consumer spending, deepening downturn

economic indicators • consumer confidence • consumer confidence index • financial crisis

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More Newser Stories

Consumer Confidence Soars

It neared its post-recession peak this month

US Consumer Spending Falls Yet Again

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Consumer Confidence Finds a New Low in January

Conference Board's index at half its year-ago value

Consumer Confidence Hits 26-Year Low

Index drops far below expectations on job, economy fears

Consumer Confidence Hits Seven-Month Low

People antsy about unemployment rate

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