Retail News

Consumer confidence wanes as number of coronavirus cases increases

The Hill 03/13/2020

Americans’ confidence has fallen 3.72 percent since news of cases of COVID-19 first became public last month, according to Morning Consult’s consumer sentiment index. Consumer confidence and spending are closely connected and vitally important to the U.S. economy. Seventy percent of the U.S. economy is connected to consumer spending.

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