Consumer Sentiment with Recessions Drawn in
Consumer sentiment was 68.7 in May and 69 in June.
No change, really.
Consumer sentiment was lower in this recession tnan any recession on the chart except for 1980 – 81. Recently consumer purchasing was 70% of GDP. In the ’80s it was less than 65% of GDP. So the low sentiment numbers now are more important to the economy.
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