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US 'vice Index' reading is low

  • The vice index, which keeps a track of the consumer expenditure on prostitutes and booze showed an extremely low reading of 104 in September. That's the lowest its reading has been since earlier this year in February. 

    The index also predicts the readings for four months in the future and its signals suggest that things don't get any better and "consumer spending growth is about to drop and stay subdued for a few months," the analyst said. 

    The analyst hasn't revealed where he got these numbers from. 

    Tagged as: vice index, us vice index, consumer spending booze, money news, business news