Consumer Comfort in U.S. Slumps on Views of Buying Climate
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Consumer confidence in the U.S. fell for a seventh consecutive week and attitudes about whether it was a good time to spend slumped by the most since 2011.
The Bloomberg Consumer Comfort Index decreased to 40.9 in the period ended May 24, the lowest level since late November, from 42.4 the prior week. The decline in Americans’ assessments of the buying climate was accompanied by the biggest drop in sentiment among women in more than seven years.