Although firms did expect a slightly slower pace of growth, they still judge overall economic conditions quite favorable.
More Quotes from Richard Curtin:
Although higher income and employment levels have offset the impact of rising gas prices on consumer confidence, there is a considerable degree of dread about future prospects among middle- and lower-income households.Richard Curtin
High gas prices had a devastating impact on consumers' budgets and caused consumers to expect a worsening financial situation during the year ahead.
Richard Curtin
The last time consumer confidence declined a comparable extent was prior to the recessions in 1990 and 1980.
Richard Curtin
Consumer spending will weaken in the months ahead.
Richard Curtin
Consumers have become increasingly pessimistic about their future income and job prospects, and as a result will continue to slow the pace of their spending during months ahead.
Richard Curtin
Consumers view high gas prices as a threat to their living standards and a threat to the ability of the economy to create new jobs.
Richard Curtin
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