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Consumer Comfort in U.S. Declines to Lowest Level in Eight Weeks

Consumer confidence declined to an eight-week low as attitudes about the economy dimmed, particularly among those at the bottom of the income ladder.

The Bloomberg Consumer Comfort Index decreased to 43.7 in the week ended May 3, the fourth straight decline, from 44.7 the prior period. Sentiment among those making less than $15,000 a year slumped by the most since January 2011. For those earning more than $100,000, it held above 70 for a fifth week, the longest such streak in eight years.