MARKET JITTERS CAUSE NATIONAL OUTLOOK TO DETERIORATE
|| By FITSNEWS || A wild week for U.S. stock markets sent a key consumer comfort measure slipping …
Bloomberg’s Consumer Comfort Index (CCI) – which measures consumer comfort on a scale of zero to 100 – dipped from 42 to 41.4 last week. It’s not a significant decline, but it stopped three weeks of upward motion.
More ominously, the measure’s “national economy” subindex suffered a 1.9 point drop – its largest decline since February.
Add it all up and you’ve got a whole lot of “eh.”
“A disappointing spring and summer for the Bloomberg index dampened what had been a strong September-to-January rally,” the data crunchers noted.
Here’s the index itself …
And here are its three sub-indices …
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). It’s been compiled weekly since December 1985.
For the full report in .pdf form, click here.