According to data from the Bloomberg Consumer Comfort Index, consumers’ expectations for U.S. economy declined to 42.0 in in the week ended May 22 from 42.6 the prior week.
The decrease was driven by drops in 2 of 3 sub-indexes. The measure of views of the economy was down to 31.7 from 32.4, the buying climate index remained unchanged at 38.9, while the personal finances index fell to 55.3 from 56.5.
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