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- Bloomberg Consumer Comfort Index: consumers’ expectations for U.S. economy fall to 42 in October
Bloomberg Consumer Comfort Index: consumers’ expectations for U.S. economy fall to 42 in October
According to data from the Bloomberg Consumer Comfort Index, consumers' expectations for U.S. economy fell to 42 in October from 44.5 in September. The decline was driven by a slower pace of job creation.
39% of respondents said that the U.S. economy was getting worse, while 23% of respondents noted that the economy was improving.
On a weekly basis, consumers' expectations for U.S. economy decreased to 43.5 in in the week ended October 18 from 45.2 the prior week. The decline was driven by a worse sentiment on spending.
The measure of views of the economy was little changed.
The buying climate index fell to 37.2 from 39.5.
The personal finances index was down to 58.4 from 60.5.
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