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Consumer Confidence in U.S. Rises to One-Year High: Economy

Confidence among U.S. consumers climbed to a 12-month high in February, signaling household spending will help sustain the expansion.

The Conference Board’s index increased more than forecast, to 70.8 from 61.5 in January, figures from the New York-based private research group showed today. Economists projected the gauge would climb to 63, according to the median estimate in a Bloomberg News survey.