Consumer Comfort Index Matches Early April Levels
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U.S. Consumer Comfort Rises a Third Week, Matches Pandemic High
U.S. Consumer Comfort Rises a Third Week, Matches Pandemic High
The Bloomberg Consumer Comfort Index (BCCI), which was released on Thursday (11/19) rose 1.8 points to a reading of 49.8 last week. Not only matching a mid-September reading that was strongest since early April, but also marking three straight weeks of improvement. The improvement comes as positive news about various coronavirus vaccines have been announced. While the increase in the BCCI is welcome news, the current reading is still well below pre-pandemic levels and continues to hover in a 3.5-point range that has persisted for the last 2½ months.
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