Wed, 15 Aug 2012 14:44:41 GMT
Economic Optimism Index dropped 3% in August
The
IBD/TIPP Economic Optimism Index tumbled by 1.4 points or 3 per cent in August,
and reached 45.6 against 47 in the month earlier. The Index dropped to its
lowest reading of 2012 so far, and reading below 50 indicates pessimism. Meanwhile,
in December 2007 the reading was at 44.4 level, when the world's biggest
economy fell into the recession.