U.S. consumer gauge takes a positive turn

06/5/2014 | Bloomberg

With a strong gain in U.S. consumer assessment of the economic climate for spending, the Bloomberg Consumer Comfort Index rose this week to 35.1 from 33.3 a week earlier for its first rise in five weeks. An improving stock market and job outlook also lifted the overall result. "Sentiment is hanging in there as Americans grow more confident about their financial conditions," said Joseph Brusuelas, a Bloomberg senior economist.

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