|| By FITSNEWS || Bloomberg’s Consumer Comfort Index (CCI) – which measures consumer comfort on a scale of 0-100 – inched up to 42 from last week’s 41.1 reading. It’s the third consecutive uptick – although the measure remains well below its 2015 peak.
“While not significantly different from 41.1 last week, it’s up by 1.7 points since the beginning of August, building back from a 3.5-point loss in July,” analysts noted.
Here’s the chart view …
Published weekly since December 1985, the CCI records Americans’ views on three key items: The national economy, the buying climate and their personal finances.
Here’s a look at the trend lines for those three sub-indexes …
Produced by Langer Research Associates, CCI data is based on 1,000 national random-sample landline and cellular telephone interviews, 250 per week (in a four-week rolling average).
For the full report in .pdf form, click here.
Our take on the data? Considering the wild ride of global stock markets over the past week, these numbers aren’t terrible … although we remain pessimistic about the ability of consumers to truly “recover” given elevated joblessness and stagnant wages.