Consumer Sentiment Hits 28-Year Low
Jun 2nd, 2008 | By Contrarian Profits | Category: Featured, Financial News, Politics & EconomicsConsumer sentiment is in the dumps. This from MarketWatch:
U.S. consumer sentiment dropped to the lowest level in nearly 28 years in May as worries about inflation grew, according to the University of Michigan/Reuters consumer sentiment index released Friday.
The UMich index fell from 62.6 in April to 59.8 in May, marking the lowest since June 1980. The preliminary May index was reported at 59.5 two weeks ago.