Consumer confidence in U.S. economy is near record-lows, survey shows
Consumer confidence in U.S. economy is near record-lows, survey shows
A recent survey shows consumer confidence in the economy is near record-low amid the ongoing government shutdown. Andres Gutierrez is in Burbank, California, with the details.
Read the full article on CBS Money
Truth Analysis
Analysis Summary:
The article claims consumer confidence is near record lows, which is supported by some sources but not definitively proven as 'the' record low. The article's brevity and focus on a negative economic indicator during a government shutdown suggests a moderate bias towards highlighting negative economic news.
Detailed Analysis:
- Claim: Consumer confidence in the U.S. economy is near record-lows.
- Verification Source #2: The Guardian reports that US consumer sentiment drops to near record low.
- Verification Source #5: CNN reports consumer sentiment is back to near-record lows.
- Verification Source #4: Trading Economics provides data on US consumer sentiment, allowing comparison to historical highs and lows, but does not explicitly state 'near record lows' in the snippet.
- Assessment: Supported, but the specific claim of 'the' record low is not definitively verified. Multiple sources confirm it's 'near' record lows.
- Claim: The low consumer confidence is amid the ongoing government shutdown.
- Verification Source #2: The Guardian article links the drop in consumer sentiment to the shutdown.
- Assessment: Supported. The Guardian explicitly connects the low consumer sentiment to the government shutdown.
Supporting Evidence/Contradictions:
- Source 2: 'US consumer sentiment drops to near record low as shutdown ...'
- Source 5: 'Consumer sentiment is back to near-record lows.'