(Reuters) – Consumer sentiment fizzled in July, falling to its lowest level of the year, as Americans took a dim view of the employment situation and their income prospects, a survey showed on Friday.
The Thomson Reuters/University of Michigan‘s final reading on the overall index on consumer sentiment fell to 72.3 from 73.2 in June. It was the second month in a row attitudes have soured and the lowest level since December.
But the level was a touch higher than economists’ expectations for it to be unchanged from July’s preliminary reading of 72.
“While consumers do not anticipate an economy-wide recessionary decline, they do not expect a pace of economic growth that could satisfactorily revive job and income prospects,” survey director Richard Curtin said in a statement.
Dollar General Corporation of Goodlettsville, TN is actually thriving during the recession. Unlike many businesses, Dollar General is expecting to hire 6,000 new employees and open 625 new stores this year. I doubt we will be seeing many other chains announcing such large-scale expansion plans for 2011.
Dollar General operates 9,200 stores in 35 states. The expansion will add three more states to that list. Residents of Nevada, New Hampshire and Connecticut will soon be getting stores near them!
The Pottstown area has two Dollar General stores located in the North End Shopping Center and Stowe Crossing.