U.S. Consumer Confidence Rises to Highest in Four Years
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Household confidence improved last week to a four-year high as more Americans said the economy was improving and decided it was a good time to shop.
The Bloomberg Consumer Comfort Index was minus 36.7 in the period ended March 4, the highest since April 2008, up from minus 38.8 in the prior period. The gauge on the state of the economy reached a one-year high, while the buying-climate measure climbed to a level last exceeded in December 2009.