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According to data from the Bloomberg Consumer Comfort Index, consumers' expectations for U.S. economy decreased to 42.5 in February from 47.0 in January. January's reading was the highest level since June 2015.
The decline was driven by a less favourable assessment of the measure of views of the economy.
According to data from the Bloomberg Consumer Comfort Index, consumers' expectations for U.S. economy fell to 44.3 in in the week ended February 14 from 44.5 the prior week.
The weekly drop was driven by declines in all sub-indexes. The measure of views of the economy declined to 35.4 from 35.5, the buying climate index was down to 41.6 from 41.9, while the personal finances index fell to 55.8 from 56.1.
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