Richmond Times-Dispatch

Eye on consumers

-

Economists expect that a recent surge in coronaviru­s infections continues to diminish Americans’ feelings about their economic prospects.

They predict the University of Michigan’s consumer sentiment index slipped to 76.3 this month. A steep rise in virus cases in recent weeks pulled November’s reading to 76.9 from 81.8 in October. The index is closely watched for signals of Americans’ willingnes­s to spend, as consumer spending accounts for 70% of U.S. economic activity.

 ??  ??

Newspapers in English

Newspapers from USA