Consumer Sentiment in U.S. Rises to Highest Since July 2007
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Consumer confidence rose in May to the highest level in almost six years as a rising stock market and property values helped lift Americans’ outlook on the economy.
The Thomson Reuters/University of Michigan final index of sentiment increased to 84.5 in May, the strongest since July 2007, from 76.4 a month earlier. The median forecast in a Bloomberg survey called for the gauge to hold at its preliminary reading of 83.7.