That’s how much the Bloomberg Consumer Comfort Index advanced in the past six weeks.
The index, which asks consumers to rate the national economy, their personal finances and the buying climate, rose to minus 31.6 in the week ended March 10 from minus 32.4 in the previous week. It was minus 37.5 in the week ended Jan. 27.
The index, which ran range from plus 100 to minus 100, is at its highest level since April.
The index’s gain for six straight weeks is “a rally of unusual duration,” Langer Research Associates, which produces the index for Bloomberg News, said in a written analysis. The 5.9-point gain brings the index to “the verge of a breakout from the trouble zone it’s occupied continuously since spring 2008,” according to the analysis.
Bloomberg’s Jeanna Smialek has more here.