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Friday's Michigan Confidence reading of 62.6 would make April's level the lowest since March 1982 (the number still has to be revised).

For those interested, below we highlight a historical chart of Michigan Confidence since 1978. As shown, sentiment in the U.S. has taken quite a hit in recent months.

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Comments
2
  •  
    Yes, thanks to the media and politicians who are seeking power.... the "sky is falling."
    2008 Apr 28 11:49 AM Reply
  •  
    No surprises here. The typical consumer is really concerned about one thing, the price of gasoline.
    2008 Apr 29 12:23 PM Reply