Tuesday, August 24, 2010

Consumer confidence down

While they may be seeing an upswing in business - many businesses are still showing hesitancy to rehire people laid during the recent economic downswing. Perhaps one reason is the lack of consumer confidence in the United States.

The latest Gallup poll shows that consumer confidence in the United States remains weak.

Although confidence improved slightly the beginning of the month, it has slipped to -33 over the past two weeks. Gallup says this mirrors July's average - which were the lowest of the year thus far.

Consumer confidence is taking a similar slide in the United Kingdom, an indication that the global economic downturn may not have ended yet.

Gary Baumgarten
Host - News Talk Online
Director of News and Programming Paltalk News Network


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