Economics
Consumer Comfort in U.S. Declines to Lowest Level in Seven Weeks
- Sentiment about economy suffers biggest drop since February
- Confidence among full-time workers at its lowest in 11 months
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Consumer confidence declined to a seven-week low as Americans’ views of the U.S. economy sank by the most since February.
The Bloomberg Consumer Comfort Index fell to 41.1 in the period ended Nov. 1 from 42.8 the week prior. After advancing to a six-month high on Oct. 11, the gauge has retreated 4.1 points, the largest three-week decrease since August 2013. The measure is a point shy of this year’s low, reached in June.