Consumer confidence tumbles to new pandemic low after summer viral outbreak

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

U.S. consumer confidence tumbles to pandemic-era low amid new virus outbreaks

The numbers: Consumer confidence fell in August to a new pandemic low after a fresh rash of coronavirus cases during the summer caused Americans to turn more pessimistic about an economic recovery, according to a closely followed survey.

The consumer sentiment index produced by the University of Michigan edged up slightly in August — though it was still quite low — while the daily tracker by Morning Consult has been creeping higher in the past two weeks. Americans are just as pessimistic about the near future. Another gauge that assesses how Americans view the next six months — the so-called future expectations index — dropped to 85.2 in August from 88.9. That’s also a new pandemic low.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

We are in a battle between two great powers, the GOP to put covid to death, and the DP to keep it alive, like a classic Greek epic, a sorrowful tragedy.

New outbreaks? The cases are going down practically everywhere.

40 million US households were on food stamps -in Trump's wonder economy -those are his base! You don't get dumber than that

what? people are spending like crazy, they have nowhere else to spend their money besides retail and commerce. change my mind.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Global companies raise most funds for the month of August in a decadeCompanies raised the most funds in global equity and debt markets for the month of August in a decade as homebound bankers spend their summer fixing deals off the back of trillions of dollars of stimulus worldwide to fight the coronavirus pandemic. $13 trillion stock mkt gain and post office cant afford to function Taxing the rich individually seems unfair singling them out plus they hide wealth offshore BUT taxing a system much more efficient 50 cent transfer tax on every share traded
Source: Reuters - 🏆 2. / 97 Read more »

Your weekly horoscope revealed for 24 to 30 AugustYour weekly horoscope revealed for 24 to 30 August, by Princess Diana's astrologer Debbie Frank
Source: hellomag - 🏆 24. / 68 Read more »

Kellyanne Conway Announces White House Departure at the End of AugustThe embattled White House counselor and her husband, Lincoln Project co-founder George Conway, both said they were stepping back to focus on their family Did tRump pay for her implants? Asking for a friend. she might need to focus on her complicity defense... JhbraunBraun Maybe she should first focus on not being a huge fucking liar
Source: NYMag - 🏆 111. / 63 Read more »

White House adviser Kellyanne Conway to leave at end of AugustWhite house adviser Kellyanne Conway said late on Sunday that she will be leaving the administration of U.S. President Donald Trump at the end of August, citing the need to focus on her family. It's getting to hot in the QAnon seat for her. Couldn't keep up having to manage two jobs at the same time. I still can’t believe they let the architect of the Bowling Green Massacre serve in the White House
Source: Reuters - 🏆 2. / 97 Read more »

Mexico has won back nearly 67,000 jobs in August, president saysMexico has in August recovered nearly 67,000 formal jobs so far from the economic hit caused by the coronavirus pandemic, President Andres Manuel Lopez Obrador said on Sunday. Is the cartel hiring or something He’s super dumb... Mexico's population is around 125 million. So the Mexican president is doing a song and dance with a statistically-ignorant population.
Source: Reuters - 🏆 2. / 97 Read more »

Turkey extends work of Mediterranean exploration ship through August 27Turkey said on Sunday that its Oruc Reis exploration vessel will now carry out seismic surveys in a disputed part of the eastern Mediterranean until Aug. 27, in a move likely to stoke tensions in the region. Turkey extends work of Illegal* Mediterranean exploration ship through August 27 Turkey extends piracy...
Source: Reuters - 🏆 2. / 97 Read more »