Economics

U.S. Michigan Sentiment Index Increased More Than Forecast

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Confidence among U.S. consumers rose more than projected in November, offering additional support to the biggest part of the economy.

The Thomson Reuters/University of Michigan preliminary index of consumer sentiment climbed to 64.2 this month, the highest since June, from 60.9 in October. The median estimate of economists surveyed by Bloomberg News called for a reading of 61.5.