Consumer Comfort gauge highest in eight months

|By:, SA News Editor

The Bloomberg Consumer Comfort Index jumps to -25.4 for the week ended April 20, from -29.1 previously. It's the highest level in eight months and the second strongest print since January 2008.

"Rising equity prices, which are sitting near all-time highs, and a slower pace of firings in the economy are bolstering consumer confidence across just about all income and demographic groups," says Bloomberg's Joe Brusuelas.