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Consumer Confidence Drops

Unemployment image copyright Midwest Communications, Inc.
Unemployment image copyright Midwest Communications, Inc.

COLDWATER, MI WTVB) - It seems to run against what’s happening with some sectors of the economy with stocks riding a high wave and foreclosures in Michigan way down.

Branch County’s jobless numbers improved in the most recent report out of Lansing. However, word Friday that Consumer confidence is at a nine-month low.  The latest figures from Thomson Reuters and the University of Michigan show a bigger-than-expected drop in consumer confidence to the lowest reading since last summer.  Another new report shows an unexpected drop in retail sales.