Consumer Sentiment in U.S. Increases More Than Forecast
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Consumer confidence increased more than forecast in December to the highest level in five months, easing concern about household spending heading into the holiday-shopping season.
The Thomson Reuters/University of Michigan preliminary December consumer sentiment index rose to 82.5, the strongest since July, from 75.1 in November. Economists forecast an increase to 76, according to the median estimate in a Bloomberg survey.