BUT WILL IT BE ENOUGH?
After approaching 2015 lows last month, Bloomberg’s Consumer Comfort Index (CCI) has shown signs of life for two straight weeks.
The metric (.pdf here) – which measures consumer comfort on a scale of zero to 100 – currently stands at 43. That’s it’s second straight weekly increase. Unfortunately, the upticks haven’t made up the ground it’s lost this year.
“These results reflect a mixed year to date,” the analysts who compile the data noted. “A late-September to late-January run-up made Q1 the highest post-recession quarter, reaching a nearly eight-year high in the first week of Q2. But the index slipped through the rest of Q2 and struggled further in this quarter, until managing its latest gains.”
Here’s a look at the index’s recent weekly history …
And here’s a look at its recent quarterly history …
Produced by Langer Research Associates, CCI data is based on 1,000 national random-sample landline and cellular telephone interviews, 250 per week (in a four-week rolling average). It’s been compiled weekly since December 1985.
7 comments
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