Consumer Comfort in U.S. Shows Biggest Weekly Drop Since October
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Consumer confidence last week suffered its biggest one-week drop since the federal government shutdown in October as attitudes toward the buying climate and personal finances soured.
The Bloomberg Consumer Comfort Index declined by 2.2 points, the most since Oct. 13, to 34.9 for the period ended May 11. The gauge has declined since reaching 37.9 during the week ended April 27, the second-highest level since January 2008.