Consumer comfort in US declines for a 5th consecutive week

Consumer confidence fell for the fifth consecutive week as attitudes toward the economy dimmed and moods soured at both ends of the income scale.

The Bloomberg Consumer Comfort Index decreased to 43.5 in the period ended May 10, the lowest level since early March, from 43.7 the prior week. The last time the gauge declined for as many weeks was in late 2013. Views on the US economy dropped to a five-month low, and confidence also retreated among full- and part-time workers.