The nine-point drop in consumer confidence over the last two months underscores an anxiety about future economic conditions,
More Quotes from Lynn Franco:
Consumer confidence readings continue to indicate a strong overall economy. Consumers are not only optimistic about current conditions, but their expectations for the next six months signal continued low unemployment and minimal inflationary pressures.Lynn Franco
Whatever stock market effect we've had probably was felt in the present conditions index, but the overall index remains strong, ... The boost in optimism, coupled with tax refunds, should continue to fuel spending.
Lynn Franco
Looking ahead, the CEOs are cautiously optimistic but not as optimistic about the short-term outlook as they were at the end of 2004.
Lynn Franco
The rising level of unemployment and sentiment that a turnaround in labor market conditions is not around the corner have contributed to deflating consumers' spirits this month. Expectations are likely to remain weak until the job market becomes more favorable.
Lynn Franco
While the purchasing intentions of consumers have not changed and remain quite upbeat, it remains to be seen whether these current attitudes translate into actual purchases.
Lynn Franco
This degree of pessimism, in conjunction with the anticipation of much higher home heating bills this winter, may take some of the cheer out of the upcoming holiday season.
Lynn Franco
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