Consumer Comfort in the U.S. Declines as Gasoline Prices Climb
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Consumer confidence fell to a six-week low as the costliest gasoline in almost three years worsened Americans’ perceptions of their finances.
The Bloomberg Consumer Comfort Index dropped to minus 46.9 in the period to May 8, the worst reading since March, from the prior week’s minus 46.2. Across regions, sentiment suffered the most in the West, where fuel prices exceed the national average.