Conf. Board confidence index resumes falling, outlook “dismal”

25 October 2022

 

Summary: Conference Board Consumer Confidence Index falls in October, above expectations; views of present conditions, short-term outlook both deteriorate; consumers’ short-term outlook “dismal”. US consumer confidence clawed its way back to neutral over the five years after the GFC in 2008/2009 and then went from strength to strength until late 2018. Measures of consumer confidence then oscillated within a relatively narrow band at historically high levels until they plunged in...

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