Consumer Comfort Stabilizes After Nine Weeks of Decline

New York, NY, June 18, 2015—The Bloomberg Consumer Comfort Index increased to 40.9 in the period ended June 14 from 40.1 the prior week. This stabilization comes after falling a record nine straight weeks and indicates that Americans are becoming less downbeat about the economy, according to Bloomberg.

The recent decrease in weekly sentiment that extended back to early April coincided with rising fuel costs even as households benefited from improving labor and real estate markets.

Persistent gains in gasoline prices, which have climbed this week to the highest since November, could thwart further advances in confidence.