That’s the Bloomberg Consumer Comfort Index in the week ended April 14, the highest since January 2008.
The index, which asks U.S. consumers for their views on the economy, buying climate and personal finances, rose 4.8 points from minus 34 in the previous week.
Rising consumer sentiment was “led by upper-middle income earners, deepening a rally already underway among higher-income adults,” Langer Research Associates, which produces the index for Bloomberg News, said in a written analysis.
The Bloomberg Consumer Comfort Index can range from 100 to minus 100. Consumers view their personal finances more favorably than the national economy and the buying climate.
Bloomberg’s Alex Kowalski has more here about the index.