Thursday, May 12, 2016
Consumer Comfort Continues To Move Lower
The consumer comfort index continues to break lower, down 3 tenths in
the May 8 week to 41.7. This adds to the prior week's decline when the
index fell a very sharp 1.4 points to a 42.0 level, which after the
latest result, no longer looks like an outlier. Weakness in consumer
confidence readings typically reflect weakness in job and income
prospects.
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