Economic Views Lift U.S. Consumer Comfort to Fresh 17-Year High
(Bloomberg) -- Americans’ confidence rose to the highest level since February 2001 on brighter assessments of the economy, the Bloomberg Consumer Comfort Index showed Thursday.
Highlights of Consumer Comfort (Week Ended July 23)
Confidence is rising as Americans continue to enjoy the benefits of tax cuts and a strong labor market, with data last week showing jobless claims fell to the lowest since 1969, while showing little concern about new tariffs and intensifying rhetoric surrounding trade issues. A more upbeat view of the economy outweighed weaker sentiment about the buying climate and household finances.
- Confidence among men increased while it fell among women, leaving the widest gap in more than 11 years
- Comfort among Americans earning more than $50,000 a year reached highest level since January 2001
- Sentiment among part-time workers climbed to a 17-year high
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