Consumer Worries

"Consumer confidence lowest since April; GDP revied upo" describe the situation that this economy has fallen into. Consumers have begun to worry too much about this countries economy. It seems as though the economy grew faster than the government had expected, 3.9 percent faster to be more exact. However, businesses have shown a decline by of about $28 billion. One must note that this number was affected by the unexpected hurricanes that reaped the Southeast. These things along with the spike in energy prices have caused many consumers to have doubt in our economy. However, this doubt has not affected the auto industry by very much. According to a survey, 11.9 percent of consumers feel that the economy will get worse, a number that rose from 10.5 percent. In the third quarter, inflation went down to 0.7 percent, consumer spending went up to 5.1 percent, and US export went up by 6.3 percent.