Consumer Comfort in U.S. Advances to Seven-Week High on Finances
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U.S. consumer comfort advanced to a seven-week high as Americans’ confidence in their personal finances increased by the most since February, Bloomberg Consumer Comfort Index figures showed Thursday.
The surge in sentiment about personal finances to a five-month high probably reflects stock prices that keep hitting records, a drop in gasoline prices since a September peak and higher property values. Comfort among respondents who are homeowners advanced last week to the strongest level in almost 17 years.