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consumer sentiment index
The drop shows"a stunning lack of confidence" as the Delta variant of COVID-19 took hold, Richard Curtin, chief economist for the university's Surveys of Consumers, said Friday.
The survey covers the first half of August, which saw daily case counts sharply rebound to their highest levels since January. The uptick has already led several state and local governments to reinstate mask-wearing rules and some of the business restrictions seen earlier in the crisis. The sudden return to some pandemic-era norms, particularly after months of vaccination, seemingly shocked Americans who were ready to leave lockdowns in the past.
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