According to Bloomberg, American consumer confidence fell for a sixth straight week. The decline, however, was the smallest since the COVID-19 pandemic outbreak started and a hopeful sign as states to start to reopen their shuttered economies. The Bloomberg Consumer Comfort Index dropped 1.9 points to 39.5 in the week ended April 26th. The lowest level since November 2014. While the national economy sub-index decreased to the lowest level since October 2014, views of personal finances stabilized.
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U.S. Consumer Comfort Registers Smallest Decline in Six Weeks