Consumer confidence stabilizes after a series of declines
According to Bloomberg, consumer confidence finally stabilized after experiencing four consecutive weeks of declines.
The Bloomberg Consumer Comfort Index edged up to an index score of minus 32.1 for the week ending Sept. 8, which is only a slight shift from minus 32.3 in the previous period. Bloomberg discussed the current trends impacting the economy:
“Consumers have adopted a wait-and-see attitude,” said Joseph Brusuelas, a senior economist at Bloomberg LP in New York. “Americans remain unimpressed with the pace of job creation and wage gains. They’re waiting for the long-promised acceleration in second-half growth.”