Consumer confidence index dropped two points to minus 40 in May, the lowest score since the survey began in 1974
the general economic situation over the coming year dropped by one point to minus 56Staton said: “The GfK consumer confidence barometer recorded a headline score of minus 40 in May, the worst since ouroutnumbering job seekers for the first time, and inflation peaking at a 40-year high driven by soaring food and fuel billsOn Wednesday, US stock markets suffered their sharpest fall in two years after major retailers Target and Walmart reported weak earnings.
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