Consumer Sentiment in the U.S. Declines to a Seven-Week Low

Consumer confidence in the U.S. declined to the lowest level in seven weeks as Americans turned more pessimistic about the economy.

The Bloomberg Consumer Comfort Index fell for a second week, to minus 31.5 in the period ended March 23 from minus 29. For the first time since early February, all three components of the gauge, which also includes measures of the buying climate and personal finances, decreased in the same week.