(Bloomberg) -- Optimism about the direction of the U.S. economy improved to a three-month high in November as sentiment remained supported by a robust job market and steady growth, Bloomberg Consumer Comfort Index figures showed Thursday.
Highlights of Consumer Comfort (Week Ended Nov. 12) |
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Key Takeaways
The report showed 35 percent of respondents reporting that the economy is improving, while just 27 percent say it's deteriorating. Such a gap has only been wider five times since March 2002. Americans are enjoying solid job opportunities and stock-market gains that have boosted wealth. Inflation has also remained relatively low, allowing consumers to maintain their purchasing power.
Other Details
- Confidence rose in Northeast, South and West; fell in Midwest
- Sentiment among men exceeded women by the widest margin in six weeks
- Partisan gap between Democrats and Republicans widened to 10-week high, favoring Republicans by 22.2 points
To contact the reporter on this story: Agnel Philip in Washington at aphilip19@bloomberg.net.
To contact the editors responsible for this story: Brendan Murray at brmurray@bloomberg.net, Vince Golle, Scott Lanman
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