U.S. Michigan Consumer Sentiment Index Rises to 75 in January

Confidence among U.S. consumers rose more than forecast in January to the highest level in almost a year, on signs of improvement in the job market.

The Thomson Reuters/University of Michigan final index of consumer sentiment climbed to 75 from 69.9 at the end of December. The median estimate in a Bloomberg News survey called for 74, which matched the preliminary reading. The gauge averaged 89 in the five years leading up to the 18-month recession that ended in June 2009.