Consumer sentiment advanced last week, an indication that gains in housing and stock markets are bolstering Americans’ outlooks on the economy.
The weekly Bloomberg Consumer Comfort Index (COMFCOMF) increased to minus 29.4 for the period ended May 19 from minus 30.2 the prior week. A measure of personal finances was positive for a sixth consecutive week, the longest stretch in more than five years. [cont.]
Michelle Jamrisko, Bloomberg