Bloomberg: the level of consumer confidence in the US fell sharply at the end of last week

The research results published by Bloomberg have shown that the index of US consumer confidence fell sharply last week.

According to data for the week ending 7 August, the index of consumer comfort fell to three-month low, and reached 41.8 points compared with 43.0 points the previous week (31 July). The average value of the index amounted to 43 since the beginning of 2016.

With regard to the components of the index, the decline was recorded on all indicators. Personal finance sensor has fallen by 3.1 points to 53.4 points, reaching a nine-month low, and recorded the largest weekly decline in more than two years. The average value of this index since the beginning of the year amounted to 56.5 points. As for the consumer climate, which shows if now is the time to purchase goods and services, declined from 37.5 points to 37.4 points, the lowest level since mid-December 2015. The average value since the beginning of 2016 amounted to 39.5 points. Meanwhile, the index that assesses views on the economy as a whole fell to 34.7 points from 35.0 the previous week, but remained above the average of the year (34.3 points).