2012 Economic Calendar
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Bloomberg Consumer Comfort Index  
Released On 4/12/2012 9:45:00 AM For Apr 8, 2012
Level-31.4 -32.8 

Consumer confidence held in the April 8 week near a four-year high as more Americans said their finances were in better shape. The Bloomberg Consumer Comfort Index reading was minus 32.8, second only to the prior week's minus 31.4 as the highest since March 2008. Households were the most optimistic about their financial resources since April 2008.

Employment gains and rising incomes may be making it possible for households to pay down debt and at the same time maintain spending, which accounts for about 70 percent of the economy. Signs that gasoline prices are stabilizing, albeit at the highest level in almost a year, may also be stoking optimism that the worst of the jump in fuel prices is over.

While the personal finances gauge rose, the index of whether consumers consider it a good time to buy fell to minus 37.3 from minus 33.9. The third component of the index -- the state of the economy -- fell to minus 66 from minus 63.6.

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. The survey was formerly sponsored by ABC News since 1985. Beginning in April 2014, immediate details of the report are available by subscription through Langer Research Associates which conducts the survey for Bloomberg. Publicly released details are available only after a significant delay after release of the headline number. In May 2014, Bloomberg changed the series range to zero to 100 versus earlier reports with a range of minus 100 to plus 100.  Why Investors Care
The Consumer Comfort Index is a composite of three components: consumer views on 1) the state of economy, 2) personal finances & 3) whether it is a good time to buy needed goods and services. Net positive responses to: state of economy, personal finances & good time to buy needed goods/services.
Data Source: Haver Analytics

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