CNN/Money  
graphic
News > Economy
graphic
Consumers lose confidence
ABC/Money poll's overall confidence index falls to -21 as more Americans rate the economy 'poor.'
July 15, 2003: 6:30 PM EDT

NEW YORK (CNN/Money) - Consumer confidence slipped to its lowest level in seven weeks as more Americans fretted about future job prospects, according to the results of the ABC News/Money magazine poll released Tuesday.

The ABC News/Money magazine Consumer Confidence Index fell to -21 in the week ended July 13, down from -18 a week earlier. The poll has a margin of error of plus or minus three points.

The June unemployment rate rose to its worst level in nine years as businesses cut thousands of jobs, according to a government report released earlier in July.

The jobless rate rose to 6.4 percent from 6.1 percent in May, the Labor Department said.

Measured separately, 27 percent of Americans said the national economy is in excellent or good shape, three percentage points less than the previous week. The best was 80 percent registered in Jan. 16, 2000. The worst was 7 percent in late 1991 and early 1992.

Thirty-seven percent said it's an excellent or good time to buy things they want and need, the same as the week ended July 6. The best was 57 percent reported for the week of Jan. 16, 2000. The worst was 20 percent in fall 1990.

Fifty-four percent rated their personal finances as excellent or good. It was 56 percent the week prior. The best was 70 percent, set Aug. 30, 1998, and the worst was 42 percent set March 14, 1993.

The study also concluded that 30 percent of participants rated the economy as "poor," up four percentage points this week to the most since Dec. 12, 1993.

The ABC News/Money consumer index represents a rolling average based on telephone interviews with about 1,000 adults nationwide each month. The latest week's results are based on 1,001 interviews in the week ended July 13, 2003.  Top of page




  More on NEWS
Another blackout for Dish customers, this time Fox News
Is the oil scare over for the stock market?
Last-minute Christmas shopping guide
  TODAY'S TOP STORIES
Sony: 'The Interview' will be shown
Republicans to theaters: Don't be 'bullied'
Defiant Sony scrambles to find a way out




graphic graphic

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.