Tuesday, October 6, 2009

All hands ... stalling speed

Analysis by Patrick Moynihan
Oct. 6, 2009

Eighty-nine percent of Americans continue to say the economy's in rough shape, 73 percent call it a bad time to spend money and 56 percent say their own finances are hurting, all well above their long-term averages.

The ABC News Consumer Comfort Index, based on these gauges, stands at -45 on its scale of +100 to -100, vs. an average of -12 in weekly polling since late 1985.

The CCI is up 4 points in four weeks to its best since late August, and better than its lowest, -54 in January. Its best this year was -42 on May 10; its annual average, -48, is on track for its worst year to date.

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