Economics
U.S. Consumer Comfort Falls as Confidence in Economy Slumps
This article is for subscribers only.
Consumer confidence declined last week as sentiment about the U.S. economy slumped to the second-lowest level in two years.
The Bloomberg Consumer Comfort Index was minus 49.1 in the week to Aug. 27 compared with a minus 47 reading the previous period. The gauge dropped to a record low among the lowest-income Americans.