Business News • MarketWire • Consumer Confidence Freighted South Once Again |
Consumer Confidence Freighted South Once Again |
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Consumer Confidence Freighted South Once Again
JOHANNESBURG, SOUTH AFRICA--(Marketwire - July 1, 2010) - www.rothmanresearch.com -- The Air Delivery and Freight Service industry has basically revolutionized the way business is done globally. But for some years now this industry has been swimming against the current having survived hyped oil prices in 2007-2008 and a full-blown Great Depression that mellowed down about a year ago. There has been some hope in the first few months of 2010 as economic recovery was making good on its promises even if it was moving at a slow-pace. Nonetheless, many consumers who were eager to believe in the healing of the U.S. economy and a return to a more stable economic reality started to feel disillusioned as unemployment levels continued to remain high and the housing sector recoupment continue to linger. From an optimistic 62.7 in May, the consumer confidence index plunged by 9.8 points to 52.9 with most of its metrics leaning towards a pessimistic sh
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