U.S. consumer sentiment worsened sharply in early August, falling to the lowest index level since 1980, even though retail sales posted their biggest gains in three months in July, separate reports on Friday showed.
U.S. consumer sentiment dropped to its lowest point in more than three decades, as fears of a stalled recovery combined with despair over government policies, a survey released on Friday showed.
The Thomson Reuters/University of Michigan's preliminary August reading on the overall index on consumer sentiment fell to 54.9, the lowest since May 1980, down from 63.7 in July. It was well below the median forecast of 63.0 among economists polled by Reuters.
Bob Huff, California State Senator Dwight Mckissic, Pastor at Cornerstone Baptist Church Delman Coates, Pastor at Mt. Ennon Baptist Church Suzanne Somers
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