Overall, Consumer Sentiment Index declined to 44.4 in December from 48.4 in November, and relative to 53.3 in December 2009. The November reading remains above the all time low in July 2008 of 39., but way below 67.9 local peak achieved back in July last year.
The decline in index was across the board with
- a strongly negative move in the Index of Current Conditions - to 68.5 in December, compared with 76.6 in November, and
- Expectations index staying at 28.1, down from 29.4 in November.
All thanks for that to Leni & Co for spectacularly reducing middle class' disposable incomes to bail out systemically unimportant banks and public sector elites.