Consumer spending may be set to emerge from a weak first quarter as Americans last week became more upbeat about the buying climate than at any time in the last 15 years and optimism about personal finances reached a decade high, Bloomberg Consumer Comfort Index figures showed Thursday.
Highlights of Bloomberg Consumer Comfort (Week Ended May 21)
Buying-climate gauge jumped to 46.7, highest since December 2001, from
44.8 Measure of personal finances increased to 62.1 last week from 60.6
Sentiment about national economy eased to 43.9, lowest since February,
from 45.3 Overall comfort measure was 50.9 after 50.2.. . . more