Economics
U.S. Consumer Comfort Posts Record Two-Week Drop on Economy View
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Confidence among American consumers over the last two weeks slumped by the most on record as businesses closures across the country left millions out of work.
The Bloomberg Consumer Comfort Index tumbled 3.4 points in the week ended March 29 to 56.3, the lowest since June 2018, according to the survey released Thursday based on responses collected through Sunday. Including the 3.3-point drop in the previous period, the two-week slide is the worst in records back to 1985.