In The Midst Of The Campaign, Consumer Confidence Plummets

Posted February 6, 2008 at 3:20pm

See ABC News Consumer Comfort Index

Echoing other polls in recent days, ABC News said a poll released late on Super Tuesday that consumer confidence had dropped to a 14 year low this week, a decline much like that seen during the recessions of 1990-91 and 2001. So, it’s no surprise how highly the economy ranked in Super Tuesday exit polls, and the polls nationally and in each state that led up to Tuesday’s vote. Only 22 percent rated the economy as excellent or good, down 5 points from last week. The margin of error is 3 points.

Gallup’s daily tracking poll of consumer confidence reports today that only 3 percent of the public describes the economy as “excellent,” and only 19 percent say it is “good.” Seventy-nine percent believe the economy is getting worse. the interviews were conducted Feb. 3-5 and the margin of error is 3 percent.