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Thu Mar 31, 2016, 12:58 PM

 

Consumer Comfort in U.S. Fell Last Week to a Three-Month Low

Consumer comfort declined last week to a three-month low as Americans’ attitudes about the economy and their financial prospects deteriorated.

The Bloomberg Consumer Comfort Index dropped to 42.8 during the period ended March 26 from 43.6 the prior week. The decline, the biggest since the end of November, marks a departure from a 13-week period in which the gauge see-sawed in tight range from 43.6 to 44.6.

"Consumer caution the past few weeks is unsurprising," Gary Langer, president of New York-based Langer Research Associates LLC, which compiles the data for Bloomberg, said in a statement. "While strong employment numbers and tentative signs of improvement in a weak housing market are positives, wages remain mostly stagnant and consumer spending has underperformed."

The weekly measure of current views of the economy dropped to 32.6, the lowest level since December, from 34. The gauge tracking households’ views of their personal finances declined by 1 point to 57.6, while the buying-climate index was unchanged.

Partisan Gap

The data also showed sentiment is diverging among the political parties as the presidential campaign heats up. Republicans’ confidence dropped last week to the lowest level since the end of November, while sentiment among Democrats held up after steadily rising from a more than one-year low in December.

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http://www.bloomberg.com/news/articles/2016-03-31/consumer-comfort-in-u-s-declined-last-week-to-a-three-month-low

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Reply Consumer Comfort in U.S. Fell Last Week to a Three-Month Low (Original post)
Purveyor Mar 2016 OP
Viva_La_Revolution Mar 2016 #1
kacekwl Mar 2016 #2

Response to Purveyor (Original post)

Thu Mar 31, 2016, 01:08 PM

1. 'The Trump effect"

Sane people are terrified he will get elected, and if he doesn't then they get Hillary who likes the 'free' trade agreements that send jobs overseas.
And the msm won't tell them they have the option for voting in someone who's main platform is based on taking back our share of the economy.

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Response to Purveyor (Original post)

Thu Mar 31, 2016, 01:10 PM

2. Who comes up with

this crap? Consumer Comfort , Consumer Confidence . I'm comfortable and confident when I can buy on clearance period.

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