U.S. Consumer Comfort Declines by Most in More Than Eight Years

U.S. consumer comfort suffered its biggest weekly decline in more than eight years on a pullback in Americans’ assessments of the economy, personal finances and the buying climate, possibly signaling more moderate household spending approaching the holiday-shopping season.

The Bloomberg Consumer Comfort Index fell 2.4 points, the most since March 2011, to 61 in the week ended Oct. 27. The decrease, led by those earning less than $50,000 a year, left the measure at its lowest point since May. The gauge of confidence in personal finances declined to the lowest level since mid-May, while the index of views about the economy fell the most since July 2017.