08142020Fri
Last updateFri, 14 Aug 2020 6pm

Manufacturing & The Economy

Consumer Confidence Down Again This Month

Consumer sentiment retreated in the first half of July due to the widespread resurgence of the coronavirus. The promising gain recorded in June was reversed, leaving the Sentiment Index in early July insignificantly above the April low (+1.4 points).

According to the University of Michigan, declines are more likely in the months ahead as the coronavirus spreads and causes continued economic harm, social disruptions, and permanent scarring.

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