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Consumer comfort in US holds at lowest level since mid-June

39113006 - 18_07_2016 - US-CLEVELAND-PREPARES-FOR-UPCOMING-REPUBLICAN-NATIONAL-CONVENTIO.jpg
Consumer confidence last week held at the lowest level since mid-June with little change in Americans' attitudes about the economy, personal finances and the buying climate, according to the weekly Bloomberg Consumer Comfort Index released Thursday.

[WASHINGTON] Consumer confidence last week held at the lowest level since mid-June with little change in Americans' attitudes about the economy, personal finances and the buying climate, according to the weekly Bloomberg Consumer Comfort Index released Thursday.

Household attitudes were in a holding pattern last week as they continued to digest the presidential race, a still-strong labour market and rising stock prices. This year has been one of the most stable on record for the comfort index. 

The data corroborate other measures of confidence, including the Conference Board's July reading and figures from the University of Michigan. One positive detail from this week's comfort report was a jump in sentiment among the lowest-income earners, which may be a sign that the recovery is extending its reach.

BLOOMBERG

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