Consumer Comfort in U.S. Falls to Lowest Level of the Year
- Bloomberg household sentiment gauge remains in narrow range
- Decline prompted by waning views on buying climate, economy
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Consumer confidence declined in the last week of February to the lowest level of the year as Americans’ perceptions about the U.S. economy and the buying climate waned.
The Bloomberg Consumer Comfort Index fell to 43.6 during the period ended Feb. 28 from 44.2 the prior week. A measure of whether it’s a good time to spend posted its weakest reading in six weeks.