Bloomberg by the Numbers: 34.7

Shoppers in New York City.

Photograph by Atisha Paulson/Bloomberg

Shoppers in New York City.

A weekly buying-climate gauge rose to 34.7 on a zero-to-100 scale in the week ended July 13.

That’s the best reading for the buying-climate sub-index since late April, and the second-strongest since November 2007, according to Langer Research Associates. It was 32.4 in the previous week.

The overall Bloomberg Consumer Comfort Index, which is based on Americans’ views on the buying climate as well as their personal finances and the health of the national economy, was little changed at 37.5 compared with 37.6 in the prior week.

“The comfort index has been hovering close to the 2014 high of 37.9 reached in April,” Bloomberg’s Nina Glinski reported. “Last week’s reading was the fourth-strongest since the start of 2008.”

Click here for more on the Bloomberg Consumer Comfort Index.


What do you think about this article? Comment below!