Economics
U.S. Consumer Comfort Registers Smallest Decline in Six Weeks
First responders walk through the re-opened Anderson Mall in Anderson, South Carolina, on April 24.
Photographer: Dustin Chambers/BloombergThis article is for subscribers only.
Confidence among American consumers fell for a sixth straight week, though the latest decline was the smallest since the coronavirus-induced plunge started and a hopeful sign as states seek to reopen their shuttered economies.
The Bloomberg Consumer Comfort Index dropped 1.9 points to 39.5 in the week ended April 26, according to the survey released Thursday based on responses collected through Sunday. That’s the lowest since November 2014. While the national economy subindex decreased to the lowest level since October 2014, views of personal finances stabilized.