Consumer Comfort in U.S. Improves to Highest Level This Year
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Confidence among U.S. consumers improved last week to the highest level this year as the housing recovery and recent gains in stocks removed some of the sting from higher payroll taxes.
The Bloomberg Consumer Comfort Index climbed for a fourth straight week, reaching minus 32.8 in the period ended Feb. 24 from minus 33.4 in the prior period. The share of Americans with a positive view of the world’s largest economy matched the highest since March 2008.