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U.S. Consumer Comfort Fell to Seven-Week Low

  • Economic expectations show partisan divide before election
  • Only 22% of Republicans believe the economy is getting worse
Photographer: Peter Foley/Bloomberg

A weekly measure of U.S. consumer confidence fell to a seven-week low on significant declines in attitudes toward the economy and buying climate -- just about two weeks before the presidential election.

The Bloomberg Consumer Comfort Index fell 1.6 points to 46.6 last week, data released Thursday showed. Americans’ optimism about their personal finances declined 1.3 points to 60.3, its lowest point since August, while a measure of comfort in the buying climate decreased 2.1 points. Such a decline means that American’s may be growing cautious about their spending.