Consumer Sentiment in U.S. Rises to Highest Since July 2007
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Consumer confidence rose in October to a seven-year high as employment opportunities and declining gasoline prices boosted Americans’ spirits.
The Thomson Reuters/University of Michigan final index of sentiment increased to 86.9, the highest since July 2007, from 84.6 in September. The median projection in a Bloomberg survey of 62 economists called for the measure to hold at its preliminary October reading of 86.4.