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U.S. Economy: Confidence Climbs More Than Forecast

Consumer confidence climbed more than forecast in August as Americans turned less pessimistic about the outlook for jobs, easing concern households will retrench.

The Conference Board’s confidence index rose to 53.5 from a five-month low of 51 in July, according a report today from the New York-based research group. Other reports showed business activity slowed in August and home prices held up in the three months to June.