2012 Economic Calendar
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Bloomberg Consumer Comfort Index  
Released On 9/20/2012 9:45:00 AM For Sep, 2012
Level-42.2 -40.8 

Despite the general talk about a gloomy economy, there appears to be a different perspective slowly (emphasis on slowly) developing on the ground. Consumer confidence continued its rebound this week, hitting its highest level in seven weeks alongside brightening expectations for the economy overall.

For the latest week, the Bloomberg consumer comfort index rose to minus 40.8 from minus 42.2 the prior week. On its scale of minus 100 to plus 100, the Bloomberg consumer comfort index has gained 5.7 points in the past two weeks, mainly in a 4.3-point surge last week. The index has been heading upward despite a weak August jobs report and recent rising gasoline prices.

In a separate forward-looking measure, economic expectations also are looking better, if still far from good. While 34 percent of Americans say the economy's getting worse, that's an 11-point drop from last month's nine-month high. Twenty-six percent see the economy improving, the most since May. (Thirty-six percent think things are staying the same.)

Consumer views on time to buy are improving but are still below long-term trend. While 27 percent say it is a good time to buy things they want and need-a five-week high-that is nine points below its long-term average. And while 47 percent rate the state of their personal finances positively for the second week in a row-tying the most since early August-that, too, is 9 points shy of its long-term average.

Overall, consumers are less pessimistic about the economy-at least those with jobs. But the consumer mood is still under average trend.

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
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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