Re-diculous posted this link to an article in todays Vancouver Sun about a dramatic drop in consumer confidence in BC.
Consumer confidence in B.C. plunged to its lowest level in five years last month as high energy prices and economic concerns test people’s resolve, the Conference Board of Canada reported Monday.
The board said B.C. consumer confidence fell 9.3 points in June to 94.3 – dropping below 100 for the first time since mid-2003.
The consumer confidence rating across Canada dropped 6.2 points in June to 79.6, following a seven-point drop in May, leaving the second quarter reading at its lowest level since the fourth quarter of 1995 when it was 68.8.
There’s been a lot of buzz in the news about inflation and recession worries lately – could this drop in consumer confidence be blamed on the media?