What if there was a big pre-holiday sale and nobody came? You might wonder if it’s a possibility, considering the University of Florida’s latest consumer confidence index released this week.
The index fell eight points in October to 60, and is just one digit above the all-time low recorded in June of this year. A component measuring whether now is a good time to buy big-ticket items hit a new low of 52, down 14 points over the past month. And perceptions of personal finance now compared to a year ago fell nine points to 40, the lowest level in the 25 years that UF has tracked consumer confidence.
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