Tuesday, December 2, 2008

Poll Watch: Consumer Confidence

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Poll Watch: The Latest ABC News Polls

Confidence Hits Another New Low as Recession's Officially Recognized

Consumer confidence has reached a new low in weekly polling since late 1985, coinciding with official word the U.S. economy has been in recession the past year.

The announcement is nothing new to consumers: The ABC News Consumer Comfort Index has fallen from -17 in mid-December 2007 to -54 today. En route it's matched or surpassed its previous low, set in 1992, eight times this year.

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