2011 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

Bloomberg Consumer Comfort Index  
Released On 9/29/2011 9:45:00 AM For wk9/25
Level-52.1 -53.0 

Consumer confidence in the U.S. slumped last week to the second-lowest level on record as Americans grew more concerned with their financial situation and the buying climate worsened.

The Bloomberg Consumer Comfort Index dropped to minus 53 in the period ended Sept. 25 from minus 52.1 the prior week. Similar readings were reached three times in the first half of 2009 and surpassed only by all-time lows of minus 54 plumbed in November 2008 and again in January 2009.

Sentiment among homeowners and part-time workers fell to the lowest in record dating back to 1990, while married Americans were the gloomiest in 19 years.

Two of the comfort index's three components declined. The measure of personal finances fell to minus 11.6 from minus 7.5. The buying climate index was minus 61, the lowest level since the aftermath of the Lehman Brothers Holdings Inc. bankruptcy in October 2008, compared with minus 59.9 the prior week. The gauge of American's views on the economy rose to minus 86.4 from minus 88.9.

The Bloomberg Consumer Comfort Index is a weekly, random-sample survey tracking Americans' views on the condition of the U.S. economy, their personal finances and the buying climate. Details are available only to subscribers. In May 2014, the series range was changed to zero to 100 from minus 100 to plus 100.
 Why Investors Care

powered by  [Econoday]