Plummeting Confidence In Broader U.S. Economy Drives Decline In Economic Sentiment Index

[Yo_Mama_Been_Loggin]

All five of the ESI's indicators decreased over the past two weeks. Consumer confidence in the broader U.S. economy experienced the largest decline, dropping 5.0 points to 43.4. Sentiment toward making a major purchase and personal finances followed close behind, dropping by 3.8 and 3.6 points, respectively.

Confidence in the labor market dropped by 1.4 points, while sentiment toward the housing market declined by 0.6 points to 52.3.

The decline in consumer confidence comes as 74% of U.S. business economists have grown concerned enough to expect a recession in the U.S. by the end of 2021, with a little over a third predicting a recession next year.


The next release of the ESI will be on Tuesday, September 3, 2019.

https://www.msn.com/en-us/money/finance/plummeting-confidence-in-broader-us-economy-drives-decline-in-economic-sentiment-index/ar-AAG1vKo?li=BBnb7Kz

[Mike 03]

1. The consumer is the only thing holding this economy up.

I hate it when our Democrats get into office and are handed a perilous economy that's not their fault.