Consumer Comfort in U.S. Hovered Near Four-Month Low Last Week
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Consumer confidence in the U.S. improved last week for the first time in a month as falling gasoline prices helped stem dismay over household finances.
The Bloomberg Consumer Comfort Index was minus 42 in the seven days ended May 20 after an almost four-month low of minus 43.6 the prior period. The measure, which has a margin of error of 3 percentage points, slumped 12.2 points over the previous four weeks, wiping out almost the entire gain for the year.