Consumer confidence improves

02/2/2012 | Bloomberg

More optimistic Americans helped drive up the Bloomberg Consumer Comfort Index for the second week in a row. "Rising incomes and aggressive discounting by retailers likely created a better buying climate and bolstered consumer confidence to close out January," said Joseph Brusuelas, a senior economist at Bloomberg. "That being said, the increase in the cost of gasoline and the most tenuous of gains in the labor market does place the improvement in confidence in jeopardy."

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