Business Intelligence Watch TMC

Bad Economic News Building Momentum

September 16, 2005

The recent negative economic news continued Friday as a measure of consumer confidence fell below levels that were recorded following the Sept. 11, 2001, terrorist attacks.

The consumer sentiment index from the University of Michigan slumped to 76.9 this month compared with 89.1 last month. The level was 81.8 following 9/11. The new number represented a 13-year low that was generated by Hurricane Katrina and the increase in gasoline prices.

By Glenn J. Kalinoski, Executive Editor, Customer Inter@ction Solutions




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