American consumers in 2013 were more upbeat than at any time in the previous six years as views on the economy, finances and the buying climate improved.
The Bloomberg Consumer Comfort Index…averaged minus 31.4 for 2013, the highest since 2007, when it was minus 10.5. The weekly index fell for the first time since mid-November, dropping to minus 28.7 for the period ended Dec. 29, from minus 27.4.
An improved job market, higher stock prices and rising home values lifted sentiment at the end of the year and helped drive holiday retail shopping. Stronger wage and employment growth would help propel bigger gains in confidence and encourage Americans to boost spending, which accounts for almost 70 percent of the economy.
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(Bloomberg) American consumers more upbeat than at any time in the previous six years
American consumers in 2013 were more upbeat than at any time in the previous six years as views on the economy, finances and the buying climate improved.
The Bloomberg Consumer Comfort Index…averaged minus 31.4 for 2013, the highest since 2007, when it was minus 10.5. The weekly index fell for the first time since mid-November, dropping to minus 28.7 for the period ended Dec. 29, from minus 27.4.
An improved job market, higher stock prices and rising home values lifted sentiment at the end of the year and helped drive holiday retail shopping. Stronger wage and employment growth would help propel bigger gains in confidence and encourage Americans to boost spending, which accounts for almost 70 percent of the economy.
Read it all.