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U.S. Consumer Comfort Posts Biggest Decline in Almost 10 Months

From bnnbloomberg.ca

Sentiment among U.S. consumers fell the most in almost 10 months, led by dimmer views of the economy as market turmoil returned on another flareup in the U.S.-China trade war. The Bloomberg Consumer Comfort Index decreased 1.8 points to 62.9 in the week ended Aug. 4, data released Thursday show. Attitudes on the economy dropping to the weakest level in almost two months as views on the buying climate and personal finances also slipped. Key Insight • The mood among Americans remains generally elevated, with the main comfort gauge still near the 18-year highs it reached last month. That’s in line with solid July ... (full story)

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  • Category: Fundamental Analysis