U.S. Consumer Comfort Drops to Six-Month Low on Finances Concern

U.S. Consumer Comfort Drops to Six-Month Low on Finances Concern

©
Bloomberg.
Shoppers
walk
through
NorthPark
Center
mall
in
Dallas
on
May
1.

(Bloomberg)

A
gauge
of
U.S.
consumer
sentiment
dropped
last
week
to
a
six-month
low
as
Americans’
ratings
of
their
personal
finances
returned
to
levels
not
seen
since
the
initial
months
of
the
pandemic.

The
Bloomberg
Consumer
Comfort
Index
fell
by
1.2
points
to
43.2
points,
data
released
Thursday
showed.
The
eighth-straight
decline
left
the
measure
down
6.6
points
since
mid-November,
the
largest
setback
since
the
pandemic-related
shutdowns.

Americans’
assessments
of
their
personal
finances
slumped
another
2.2
points
last
week,
to
55.9,
the
lowest
since
late
May.
A
gauge
of
current
views
about
the
economy
and
the
buying
climate
also
eased
from
the
prior
week.

The
national
economy
subindex
slipped
0.3
point
to
33.7,
the
lowest
since
early
July,
despite
a
$900
billion
coronavirus
relief
package
signed
by
President
Donald
Trump
on
Dec.
27,
which
included
$600
stimulus
checks
for
individuals
and
extended
unemployment
benefits
through
March.
The
consumer
comfort
results
are
based
on
a
four-week
rolling
average.

A
gauge
of
attitudes
about
buying
climate
fell
1.1
points
to
40,
the
lowest
since
Oct.
25
and
a
reflection
of
increased
restrictions
on
economic
activity
amid
a
surge
in
coronavirus
infections.

Thursday’s
report,
reflecting
interviews
completed
Jan.
10,
followed
the
siege
on
the
U.S.
Capitol,
Democrats
winning
both
of
Georgia’s
runoff
elections
and
the
virus
continuing
to
spread
at
record
rates.
Comfort
declined
most
last
week
among
Republicans,
the
report
showed.

©2021
Bloomberg
L.P.


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