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Housing Revival Boosts U.S. Economic Outlook

Gains in consumer confidence and leading indicators suggest influence of housing recovery.

By Elizabeth Dexheimer and Michelle Jamrisko, Bloomberg | Updated on October 18, 2012

Consumer confidence rose to a six-month high and an index of U.S. leading indicators climbed as a nascent housing recovery started to ripple through the world’s largest economy.

The Bloomberg Consumer Comfort Index rose to minus 34.8 in the week ended Oct. 14, the highest level since April, from minus 38.5 the previous week. The Conference Board’s gauge of the outlook for the next three to six months increased 0.6 percent in September after a revised 0.4 percent drop in August.

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