|
Highlights
March RBC CASH (Consumer Attitudes and Spending by Household) Index sank to 33.1 from 48.5 in February. The survey found that the mood of U.S. consumers darkened after being confronted with falling housing values, rising foreclosures and oil prices spiking above $100 a barrel. According to T.J. Marta, Economic and Fixed Income Strategist for RBC Capital Markets. "The U.S. consumer, who has carried the economy for the past half-dozen years, is in full defensive mode, battered by falling housing values, spiking food and energy prices, tightening lending standards, the teetering stock market and hints of weakening in the labor market." The RBC CASH Index is a monthly national survey of consumer attitudes on the current and future state of local economies, personal finance situations, savings and confidence to make large investments.
|