Consumer confidence increased last week to the highest level since mid-2007 as steady declines in gasoline prices and more hiring boosted Americans' attitudes about the economy.
The Bloomberg Consumer Comfort Index rose to 45.4 in the period ended January 11, the highest reading since July 2007, from 43.6 the week before. A measure of households' views of the economy was also the strongest in more than seven years.
The Bloomberg Consumer Comfort Index rose to 45.4 in the period ended January 11, the highest reading since July 2007, from 43.6 the week before. A measure of households' views of the economy was also the strongest in more than seven years.