✉news BusinessRetail first seen 11 h ago, last 16 min ago, peak #37
US consumer sentiment slides toward record low in October
Original: Consumer sentiment drops in October, approaches record low
US consumer sentiment fell in October, approaching its lowest level on record, according to a widely used monthly sentiment survey. The continued slide points to persistent worries among households about prices, income prospects and the broader economy. Weak sentiment is closely watched by retailers and policymakers, since consumer spending drives much of economic activity.
Why now: People are concerned about what near-record-low consumer confidence signals for spending and the economy heading into the holiday season.
US consumersConference BoardUniversity of Michigan
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/2154624