Consumer confidence has fallen dramatically in the United States

According to the consumer confidence index published by Reuters / University of Michigan; a brutal deterioration occurred in consumer sentiment in the United States in August.

On the basis of the preliminary datas; the August consumer confidence index decreased to 54.9 points, a level has not seen since May 1980. In July 63.7 points was measured. Analysts expected a decline of 63.2 points. Consumer confidence was eroded the most by the weak employment and stock market volatility – reports ProfitLine.hu.