Saturday, March 11, 2017

U.S. Consumer Comfort Just Reached Its Highest Level in a Decade

by Austin Weinstein
March 9, 2017, 9:45 AM EST

Americans’ confidence continued to mount last week as the Bloomberg Consumer Comfort Index reached the highest point in a decade on more-upbeat assessments about the economy and buying climate, figures showed Thursday.

Key Points

Consumer comfort index rose to 50.6 in the period ended March 5, the highest since March 2007, from 49.8
Measure has exceeded 50 just six times since April 2002
Gauge of economy advanced to 48.2, the highest since August 2001, from 46.8
Buying-climate measure rose to 44.5, the strongest reading since April 2002, from 43.7
Index of personal finances was little changed at 58.9 versus 59