Americans’ Views of Economy Plunge by Record Amid Shutdowns

U.S. consumers’ ratings of the economy dropped by a record over the past week as the coronavirus halted business, dragging down a broader confidence gauge by the most since 2007.

The Bloomberg Consumer Comfort Index tumbled 3.3 points to a four-month low of 59.7, according to the survey released Tuesday based on responses collected through Sunday. Views of the buying climate fell to a 10-month low while those for personal finances also deteriorated amid the rout in stocks.