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Consumer Comfort in U.S. Increases to Highest Since July 2007

Americans’ confidence increased last week to the highest level since July 2007 as job gains and falling prices at the gasoline pump boosted attitudes about the economy and personal finances.

The Bloomberg weekly index of consumer comfort climbed to 47.3 in the period ended Jan. 25 from 44.7, the biggest weekly advance since March 2010. A gauge of optimism about the economy has almost doubled since the end of September, while a measure of personal finances was the strongest since October 2007.