Two Weeks Of Government Shutdown Have Helped Erase Two Years Of Consumer Confidence Gains
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Gallup's latest reading of its daily economic confidence index is at -41, down 40 points from a peak of -1 reached in late May.
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Half of the drop from May's peak to today's levels has happened in just the past two weeks, since the government shutdown started on October 1.
At -41, the index is at the lowest level since December 12, 2011 - almost two years ago. In other words, two weeks of government shutdown has helped erase two years of gains in consumer confidence.
Only 28% of those polled by Gallup say the economic outlook is getting better, whereas 67% say it's getting worse.
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