2012 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

Bloomberg Consumer Comfort Index  
Released On 9/27/2012 9:45:00 AM For Sep, 2012
PriorActual
Level-40.8 -39.6 

Highlights
The consumer is becoming a little more optimistic about progress in the economy. For the latest week, the Bloomberg consumer comfort index rose to minus 39.6 from minus 40.8 the week before. This index is at its highest level in two months. The improvement is consistent with today's sharp drop in initial jobless claims and recent uptrend in home prices.

Among the individual gauges, just 15 percent of Americans rate the economy positively-20 points worse than its long-term average, but still the most in three months. And while 41 percent give the economy its worst rating, "poor," that's the fewest since late July.

Twenty-eight percent call this a good time to buy the things they want and need, 8 points off its average and an eight-week high. More, 48 percent, rate their own finances positively-fewer than half, but a seven-week high, and also 8 points from its average.

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. 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
 
[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
 

powered by  [Econoday]