Consumer Sentiment Remains Gloomy
Posted By Barry Ritholtz On May 12, 2011 @ 11:30 am In Digital Media,Psychology | Comments Disabled
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“High gas prices, rising inflation, and increasing financial troubles has taken a toll on consumers.” That is according to the Consumer Reports Sentiment Index, which they began publishing not too many months ago. CR reports the index fell in May to 45.7 from 50.2
As the map above shows, however, the net result is somewhat unevenly distributed.
One caveat with consumer sentiment — it tends to be coincidental, and not forward looking.
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Source:
CR Index: Consumers are more gloomy and stressed out [2]
Mandy Walker
May 10, 2011
http://news.consumerreports.org/money/2011/05/cr-index-consumers-more-gloomy-stressed-out-sentiment-down-decline-financial-difficulties-employment.html
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[2] CR Index: Consumers are more gloomy and stressed out: http://news.consumerreports.org/money/2011/05/cr-index-consumers-more-gloomy-stressed-out-sentiment-down-decline-financial-difficulties-employment.html
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