U.S. Consumer Comfort Rises as Personal Finance Outlook Improves
(Bloomberg) -- U.S. consumer expectations rose this week as a gauge of views approached a 17-year high, signaling improved sentiment after a five-week government shutdown ended and the stock market partially rebounded.
The Bloomberg Consumer Comfort Index’s weekly expectations rose to 61 from 59.6, according to a report Thursday. A measure of ratings about personal finances rose by the most in nearly four months, while outlook on the national economy also improved.
- Gains in two of the three main components indicate consumers are becoming more optimistic after the political impasse and financial-market volatility that came with it, bringing the main gauge closer to the 17-year high of 61.6 that it reached in September.
- The gauge of whether it’s a good or bad time to buy was unchanged at 53.8, nearly at its 18-year peak of 54 from two weeks prior.
- Consumer sentiment among women is up 3.4 points, reaching an 18-year peak.
- The CCI for consumer’s with only a high school degree also reached an 18-year peak, up 10.6 points from a six-month low in January.
- Sentiment among Democrats increased, narrowing the partisan gap to 23.8 points, its lowest this year.
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