U.S. Consumer Comfort Reaches Two-Month High on Views of Economy
U.S consumer comfort at two-month high: Lower taxes, decline in gas prices leaving more money in consumers’ pockets.
(Bloomberg) -- Americans’ sentiment improved to the best level in two months on brighter views of the economy and personal finances, the Bloomberg Consumer Comfort Index showed Thursday.
Highlights of Consumer Comfort (Week Ended June 24) |
|---|
|
Key Takeaways
Views about the economy are hovering near the best level since 2000 as a strong labor market and durable expansion offset any concerns about the effects of trade tensions. Lower taxes and a recent decline in gas prices are leaving more money in consumers’ pockets, with the survey showing sentiment among those earning less than $50,000 advancing to the highest in data back to 2010.
Other Details
- The gap between high and low-income earners remains about even with historical levels after easing from a record about a year earlier
- Sentiment among Democrats rose this week to match the highest reading since early March; comfort eased among Republicans from an all-time high the prior week
To contact the reporter on this story: Reade Pickert in Washington at epickert@bloomberg.net
To contact the editors responsible for this story: Brendan Murray at brmurray@bloomberg.net, Jeff Kearns, Vince Golle
©2018 Bloomberg L.P.