Word: recessional
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Glimmers of hope keep sneaking through the world's cracked economy. The Conference Board's index of leading economic indicators, which includes measures such as stock prices, the money supply and new orders by manufacturers, just posted its first gain in seven months. Consumer confidence increased in May and is...
The data is based on a nationwide survey of 1,500 shoppers. The improvement in consumer sentiment extends to more than just food. In May 2008, for example, 50% of shoppers said they were spending less on skin-care products. This past April, 38% were cutting back. People are also...
So what's the takeaway from this data? First, some recession fatigue has set in. "People have done an awful lot of cutting back in the last 18 months," says Wendy Liebmann, CEO of WSL Strategic Retail. "There's not much more they can do. They've figured that it...
No one is more fed up with the recession than Christina Calleja, 25, a real estate broker's assistant in New York City. Over the past year, she has fretted over every single expense. She has stayed home on Saturday nights and refused to eat out. Instead of buying a...
See pictures of the recession of 1958.