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Michigan Consumer Sentiment Index Rose More Than Forecast

Confidence among U.S. consumers rose more than forecast in December, to a six-month high, as Americans began wrapping up their holiday spending.

The Thomson Reuters/University of Michigan final index of consumer sentiment climbed to 69.9 from 64.1 at the end of November. The median estimate in a Bloomberg News survey called for 68 after a preliminary reading of 67.7. The gauge averaged 89 in the five years leading up to the recession that began in December 2007 and ended in June 2009.