Tags: Rasmussen | Economy | Recession

Rasmussen: 66 Percent Say Economy Still in Recession

Monday, 06 Dec 2010 08:04 AM

A total of 66 percent of both consumers and investors think the economy is still in a recession, according to Rasmussen Reports.

The Rasmussen Consumer Index, which measures the economic confidence of consumers on a daily basis, held relatively steady at 81.0 on Sunday. Confidence is down four points since our reading right before Thanksgiving and down three points from its level a month ago.

Looked at on a month-by-month basis, consumer confidence increased on four of the first five months in 2010 and held steady in the fifth.

However, it fell in June and July, and remained at that lower level in August. In September and October, confidence steadily climbed and began to resemble levels measured earlier this year. In November, the index did not dip below 80, a slight improvement from the previous months.

The Rasmussen Investor Index, which measures the economic confidence of investors on a daily basis, rebounded a point to 93.2. Investor confidence is up a point from our last reading before the Thanksgiving break, but is down five points from a month ago.

Consumers and investors share similar views regarding the recessionary status of the economy. A total of 66 percent of both consumers and investors think the economy is suffering a recession. Just 19 percent of consumers and 20 percent of investors disagree.

The Rasmussen Employment Index posts its largest single-month gain in over a year and reaches its highest level since September 2008 for the third straight month.

Voters continue to blame the George W. Bush administration more than President Barack Obama's policies for the country's ongoing economic problems.

Americans are being a little less tight with their money this holiday season, but most still plan to spend less than they did a year ago.

The Rasmussen Consumer Index and Investor Indexes are derived from nightly telephone surveys of 500 adults and reported on a three-day rolling average basis.

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A total of 66 percent of both consumers and investors think the economy is still in a recession, according to Rasmussen Reports. The Rasmussen Consumer Index, which measures the economic confidence of consumers on a daily basis, held relatively steady at 81.0 on Sunday....
Rasmussen,Economy,Recession
317
2010-04-06
Monday, 06 Dec 2010 08:04 AM
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