Confidence Lowest in 26 Years = Diffidence

Economics


April 11, 2008 - Preliminary Reuters/University of Michigan index of consumer sentiment (monthly survey of consumer attitudes and expectations about the U.S. economy conducted by the U-M Institute for Social Research (ISR) since 1946 as a gauge of consumer anticipation of changes in the economic environment) fell to 63.2 for April — its lowest point since March 1982 — from 69.5 in March, according to Dow Jones Newswires. Economists polled by Thomson/IFR (International Financing Review) had, on average, expected a reading of 68.