US confidence at “high post-crisis levels” despite drop

24 September 2019

 

US consumer confidence collapsed in late 2007 as the US housing bubble burst and the US economy went into recession. By 2016, it had clawed its way back to neutral and then went from strength to strength until late 2018. Since then, measures of consumer confidence have oscillated within a fairly narrow band at historically high levels. The most recent figures have continued this pattern despite the presence of international...

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