Consumer Comfort in U.S. Drops Most in Five Months on Finances

[marmar]

(Bloomberg) Consumer confidence fell last week by the most in five months as households’ attitudes about their finances and U.S. economy deteriorated.

The Bloomberg Consumer Comfort Index declined to 40.5 in the week ended July 26, matching the second-lowest level since November, from 42.4. The measure of attitudes about personal finances suffered its biggest weekly setback in 10 months.

Sentiment has soured recently as concerns about Greek debt and China’s economic slowdown ignited stock-market volatility in the U.S. Continued improvement in the labor market that pushes wages higher would help reassure Americans the recovery remains on track, giving them the confidence and the means to boost spending.

The personal finances gauge fell to 54.9 from 57.8 in the previous week, the biggest drop since September, while the measure of Americans’ views on the state of the economy fell to an eight-month low of 30.4 from 32.2. .................(more)

http://www.bloomberg.com/news/articles/2015-07-30/consumer-comfort-in-u-s-drops-most-in-five-months-on-finances