2012 Economic Calendar
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Bloomberg Consumer Comfort Index
Released On 8/16/2012 9:45:00 AM For Aug, 2012
PriorActual
Level-41.9 -44.4 

Highlights
Consumer sentiment fell to its lowest level since late January this week according to the Bloomberg Consumer Comfort index which fell to minus 44.4 , down 8.3 points in seven weeks to its lowest since January 29.

Among other factors, recently rising gasoline prices likely played a role in the deterioration.

Among the CCI's individual gauges, 56 percent of Americans now rate their personal finances negatively, up by eight points in the two past months to the most since mid-May, matching the most this year and 12 points more than its long-term average. Eighty-eight percent, meanwhile rate the national economy negatively, the most since early February; 45 percent give the economy its worst rating, "poor," the most since mid-January. Seventy-three percent call it a bad time to buy things they want and need, including 30 percent who rate the buying climate as "poor," the most since the first week of the year.

Definition
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.  Why Investors Care
 
[Chart]
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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