Friday, Dec 21, 2007
at some point the 'spin' stops
Firstrung: Consumer confidence at lowest ebb since 1995
As 2007 draws to a close, we see that Consumers are suffering from a dose of realism. All five measures dropped this month; the major purchases measure saw the biggest drop this month of seven points. Traditionally at this time of year you would see a drop whilst Consumers wait for the January sales, but this combined with reports of a "credit crunch" has resulted in this measure dropping to its lowest level since June 1991
Posted by converted lurker @ 03:48 PM (239 views) Add Comment
2 Comments
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1. handle_it said...
It's not gunna get a whole better any time soon either. I think a few people that ain't seen a down-turn before are in for a bit shock....
2. it_is_going_with_a_bang said...
Yes its called running out of money,credit and time! .. Tends to stop people being able to buy!