Subscribe Login
DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
Retail

Six-Week Low In US Consumer Comfort Shows Optimism Is Easing

An easing of Americans’ sunny economic views indicates consumers may need some better news for confidence to sustain its post-election pickup, Bloomberg Consumer Comfort Index figures showed Thursday.

The weekly comfort measure declined to 49.7, a six-week low, from 50.9, the study found. The national economy index dropped to 45.5, the biggest decline since Nov. 2015, from 48.3.

While consumer comfort remains near a 15-year high, Americans were a bit rattled about the prospects for the U.S. economy in the latest week, amid a recent report that first-quarter growth was the weakest in three years.

The widespread easing in the comfort gauge across demographic groups could also be a sign that consumers are less optimistic that the Trump administration and Congress will enact policies to boost growth. Still, the index is on a healthy run, remaining above 49 for 11 straight weeks -- the longest such streak since September 2001.

Americans with incomes between $40,000 and $100,000 registered declines in comfort. Consumers in all four regions were more pessimistic, with comfort in the South dropping to the lowest since mid-February.

News by Bloomberg, edited by ESM. Click subscribe to sign up to ESM: The European Supermarket Magazine.

Stay Connected With Our Weekly Newsletter

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our Terms & Conditions and Privacy Policy
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days