| Bloomberg Consumer Comfort Index |
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Released On 5/3/2012 9:45:00 AM For Apr, 2012
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Prior | Actual |
| Level | -35.8 | -37.6 |
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Highlights
The Bloomberg Consumer Comfort Index fell to minus 37.6 in the week ended April 29 from minus 35.8, falling from gains that had lifted it to a four-year high last month.
Two of the three components of the comfort index declined last week. The gauge of personal finances fell to minus 6.6 from 0.4 the week before, and a measure of the buying climate fell to minus 42 from minus 41.5.
While Americans remained pessimistic about the overall economy, their views did improve with the index rising to minus 64.3 from minus 66.4.
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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
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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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