U.S. consumer index improves marginally from deeply negative

09/12/2013 | Bloomberg

A measure of U.S. consumer sentiment ended a four-week slide, improving slightly last week even as it remained deep in negative territory. The Bloomberg Consumer Comfort Index edged up to minus 32.1 from a fractionally lower reading a week before. Looking ahead, "consumer confidence is going to be in a holding pattern for some time. On the economy, it's just more of the same. We're not seeing a whole lot of wage increases," said Scott Brown, chief economist for Raymond James & Associates in St. Petersburg, Fla.

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