Wednesday, November 19, 2008

Poll Watch: Holiday Spending Plans Plummet Signaling Dismal Retail Season

ABC News BannerABC News
ABC News Show Banner
Poll Watch: The Latest ABC News Polls

Holiday Spending Plans Plummet, Signaling Dismal Retail Season

Americans plan to cut back drastically on holiday spending this year, a dismal prospect for retailers in their most critical season.

Fifty-one percent in this ABC News poll say they'll spend less this year than last on holiday gifts, matching the sharpest consumer retreat in polls dating back 23 years -- last seen ahead of the dreadful Christmas retail performance just after the 1990-91 recession.

Confidence Drops to a 22-Year Low

Consumer confidence dropped this week to it lowest in 22 years of weekly polls by ABC News, hammered by the global economic crisis and threatening a grim holiday season for the nation's retailers.

ABC's Consumer Comfort Index stands at -52 on its scale of +100 to -100, down 4 points in two weeks to eclipse its previous low, -51 as gasoline prices soared last spring. It last approached these levels in the aftermath of the 1990-91 recession.

This email was sent to fpac.rangola@blogger.com

Please do not reply to this email as this address is not monitored.

Change My Registration Preference
When you registered with our site, you asked to receive occasional updates, special offers, and other information on ABCNews.com. If you wish to change this registration preference, click here.

Add me to ABCNews Do Not Email list
This email contains an advertisement from ABCNews, 7 WEST 66th Street, New York, NY 10023. To unsubscribe from all types of future commercial email from ABC News regarding its products and services, click here.

2008 ABC News Internet Ventures. All rights reserved.

ABC News Footer
Post a Comment
Related Posts Plugin for WordPress, Blogger...

Popular Posts