Consumer confidence plunges while other indicators hold up

Published



Almost alone among economic indicators, consumer confidence has plunged during the government shutdown and as the possibility of a default nears.

The economic confidence index updated daily by Gallup has fallen steadily since the summer and dramatically since the shutdown began two weeks ago. This week, it registered its lowest reading — negative 41 — since the debt ceiling standoff of 2011, suggesting that Americans expect conditions to rapidly worsen.

Full midterm coverage.Deeper analysis.

Get unlimited access to Washington Examiner's reporting, expert analysis, and coverage of the midterm elections.

Get Unlimited Access

Cancel anytime.