According to data from the Bloomberg Consumer Comfort Index, consumers’ expectations for U.S. economy declined to 41.7 in in the week ended May 08 from 42.0 the prior week. It was the lowest reading since mid-December 2015.
The decrease was mainly driven by a less favourable assessment of the U.S. economy. The measure of views of the economy was down to 30.6 from 32.6, the buying climate index increased to 39.1 from 38.2, while the personal finances index rose to 55.4 from 55.3.
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