Economics
U.S. Consumer Comfort Is Lowest Since Before Trump Elected
Closed stores in the Fondren District of Jackson, Mississippi on April 8.
Photographer: Rory Doyle/BloombergThis article is for subscribers only.
U.S. consumer sentiment continued to sink rapidly last week, falling to the lowest level since before President Donald Trump was elected as the fallout from the Covid-19 pandemic continued to pound the economy.
The Bloomberg Consumer Comfort Index dropped another 5.4 points after a record 6.4-point slump in the previous week. The gauge has plummeted 18.5 points in the last four weeks, the largest such slide in 34 years of weekly polls. At 44.5, the index is the lowest since October 2016.