scorecard
  1. Home
  2. stock market
  3. Consumer confidence disappoints

Consumer confidence disappoints

Consumer confidence disappoints
Stock Market1 min read

Consumer confidence disappointed.

The headline consumer sentiment index came in at 89.0, according to the University of Michigan's latest survey of consumers.

Economists were expecting the headline consumer sentiment index to come in at 90.0, according to the Bloomberg consensus.

The report notes that all of the decline came from the Expectations component, which dropped by 4.8% in the last month, by 12.6% from a year ago, and by 14.7% from its peak back in January 2015.

Still, "the size of the decline, while troublesome, is still far short of indicating an impending recession," the report added.

The previous month's reading came in at 89.7.

NOW WATCH: FORMER GREEK FINANCE MINISTER: The single largest threat to the global economy

READ MORE ARTICLES ON


Advertisement

Advertisement