Economics
U.S. Comfort Gauge for Economy Posts Steepest Slide Since April
- Ratings for personal finances saw their fifth-straight decline
- Main comfort measure remains well below pre-pandemic levels
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A gauge of sentiment among U.S. consumers declined for a fifth straight week, pushed lower by the steepest drop for views of the economic outlook since April amid the worst-yet phase of the pandemic.
The Bloomberg Consumer Comfort Index fell 1.4 points to a two-month low of 47 last week, data released Thursday showed. The sentiment index for the national economy slipped to the lowest level in almost four months, while the gauge for personal finances also saw a fifth-straight drop.