WBZ's New England Business

Mass. consumer confidence hits all-time low

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Play from 0:19[0:19] ..." get. This question is one of five asked to form the latest consumer confidence index in the state spoke with bill Gunther of mass insight about those results."...

Play from 0:29[0:29] ..." Protected they -- can affect consumer confidence index forward the July quarter. Is and fifty it was a 54. The last quarter in April a year ago it was at"...

Play from 1:14[1:14] ..." you're likely to see. And -- clearly that the combination of higher gas prices. Mortgage crisis and and that wraps an underlying home values. Have people very concerned and and that's not all not at all"...

Play from 1:42[1:42] ..." Yes -- David. You know the one silver lining is that there obviously other sections of the country that it's been far worse conditions then and much larger drops in. In"...

Play from 0:00[0:00]" This is Anthony silver in the WBZ newsroom what would you say about available jobs in your area right now. Are there plenty of jobs not so many jobs jobs are hard to get where you don't know. Only 8% of those who responded to that question said there are plenty of jobs 40% said jobs are hard to get. This question is one of five asked to form the latest consumer confidence index in the state spoke with bill Gunther of mass insight about those results."

Play from 0:29[0:29]" Protected they -- can affect consumer confidence index forward the July quarter. Is and fifty it was a 54. The last quarter in April a year ago it was at 85. And -- below 100 is more pessimistic and optimistic so. Consumers clearly get the point in the economy in the doldrums and were not likely to come out soon."

Play from 0:52[0:52]" Now as they see here the last time this index was above 100 was back in October -- six. That's correct. Tell me about the significance of that of how far we've come from or just over a hundred in October of 6 to fifteen now."

Play from 1:08[1:08]" Well -- is is. Getting toward the the lowest level you you're likely to see. And -- clearly that the combination of higher gas prices. Mortgage crisis and and that wraps an underlying home values. Have people very concerned and and that's not all not at all surprising because if you talk to people in the financial business they're concerned as well."

Play from 1:34[1:34]" Mostly it is its mortgage issues home issues and energy issues. That you think -- driving these numbers down."

Play from 1:42[1:42]" Yes -- David. You know the one silver lining is that there obviously other sections of the country that it's been far worse conditions then and much larger drops in. In the home prices and Massachusetts has. And actually when you look at that. New England numbers that come out of the conference board nationally. They drafted 27. So it's it's certainly appears that the other New England states -- showing even lower levels of consumer confidence."

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