Econoday Economic Report: Bloomberg Consumer Comfort Index July 12, 2012

2012 U.S. Economic Events & Analysis

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Bloomberg Consumer Comfort Index

Released On 7/12/2012 9:45:00 AM For Jul, 2012

	Prior	Actual
Level	-37.5	-37.5

Highlights
Lower gasoline prices apparently are not enough to boost consumer morale. There was no improvement in the latest reading by Bloomberg. The Bloomberg Consumer Comfort Index held at minus 37.5 in the week ended July 8, matching the prior week's level. According to Bloomberg, consumers are worried about the state of the economy. Some 86 percent of those surveyed said the economy was in bad shape, 21 percentage points higher than the average since 1985.

The Bloomberg index of the state of the national economy fell to minus 72.8, the lowest level since February 19, from minus 71.7 the previous period. The measure of whether consumers consider it a good time to buy climbed to minus 41.5 from minus 42.4 the prior week. The index of personal finances was little changed at 1.9 after 1.8.

Definition
The Bloomberg Consumer Comfort Index is a weekly, random-sample survey tracking Americans' views on the condition of the U.S. economy, their personal finances and the buying climate. The survey was formerly sponsored by ABC News since 1985. Why Investors Care

The Consumer Comfort Index is a composite of three components: consumer views on 1) the state of economy, 2) personal finances & 3) whether it is a good time to buy needed goods and services. Net positive responses to: state of economy, personal finances & good time to buy needed goods/services.
Data Source: Haver Analytics