published: Wednesday | July 2, 2008 Professor Richard Curtin, head of the Survey Research Centre, University of Michigan. - Ricardo Makyn/Staff Photographer Consumer confidence slipped sharply during this year's second quarter, while the optimism businesses felt at the prospect of a change of government ahead of last September's general election continued to erode, the latest conference board surveys show. In fact, not since the second quarter of 2006, when the business confidence index tumbled to 96.0, have firms been as bearish as they are now - with the index at 103.1, down 14.1 points from the first quarter. "Business firms were less optimistic about the future economic prospects in the latest survey than at any time in the past two years," said University of Michigan's Professor Richard Curtin, who coordinates the...
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