Bloomberg Consumer Comfort Index
Definition of 'Bloomberg Consumer Comfort Index'
The index, produced by Langer Research Associates in New York, is derived from telephone interviews with a random sample of about 250 consumers a week aged 18 or over, and is based on a four-week moving average of 1,000 responses. The percentage of households with negative views on the economy, personal finances and buying climate is subtracted from the share with positive outlooks and the difference is divided by 3. The results can range from 100, indicating every participant in the survey had a positive response to all three components, to minus 100, signaling all views were negative. The margin of error is plus or minus 3 percentage points.
This index is made available weekly on Thursdays at 9:45 AM ET.
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