Consumer Comfort Reaches Five-Year High as U.S. Top Earners Gain
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Consumer sentiment climbed last week to its highest level in more than five years as Americans felt the most upbeat about spending since before the recession began.
The Bloomberg Consumer Comfort Index improved to minus 28.9 in the week ended April 28, its highest since January 2008, from minus 29.9 the week earlier. The buying-climate gauge rose to minus 32.5, the best reading since November 2007, a month before the worst economic slump since the Great Depression began.