You Haven't Felt This Bad in 26 Years

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By
Muhammed El-Hasan
on April 25, 2008 11:20 AM | | Comments (0) |

But will it get even worse?

Consumer sentiment at a 26-year low

NEW YORK (Reuters) - Consumer confidence fell for a third straight month in April, hitting its weakest in 26 years, on heightened worries over inflation and the sagging housing market, a survey showed on Friday.

The Reuters/University of Michigan Surveys of Consumers said its final index of confidence for April fell deeper into recessionary territory, to 62.6 from 69.5 in March and below economists' median expectation of 63.2 in a Reuters poll.

The April result is the lowest since March 1982's 62.0, when the "stagflationary" period of low growth and high inflation was still an issue for many Americans.


Read the full depressing story.

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This page contains a single entry by Muhammed El-Hasan published on April 25, 2008 11:20 AM.

My Gas Station Experience was the previous entry in this blog.

Oil Spikes on US (Not Quite an) Attack on Iran is the next entry in this blog.

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About Biz Waves

Biz Waves is a one-stop Web hub for business news and content from the South Bay region of Los Angeles County and beyond.

The primary contributor is:

Muhammed El-Hasan, a business reporter at the Daily Breeze since 2000, covers aerospace and everything else about business in the South Bay. Muhammed previously reported at the San Bernardino Sun and the community news division of The Orange County Register. He also worked as a researcher in the Jerusalem bureau of the Los Angeles Times in 1996-97. But his career highlight as a young man was driving a forklift at a Gardena company near Hawthorne, where he grew up.

You can email Muhammed at dailybreeze.com

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