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amassafortune (29.15)

May 2010

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Deterioration in Some Consumer-level Stats

May 30, 2010 – Comments (6)

According to the Consumer Metrics Institute, their weighted sector composite index continued to show deterioration in May. Reuters today, in Spending Stalls, but Confidence and Incomes Gain , confirms that the trend in May is a continuation of the trend seen in April. The Reuters article has a positive spin on confidence and income gains, but with the market steadily eroding during May, the effect of lower stock prices on these stats may lag until updates are released in June.   [more]