U.S. Michigan Consumer Sentiment Index Increases to 78.3

Confidence among U.S. consumers climbed in September to a four-month high as Americans became less pessimistic about the outlook for the economy.

The Thomson Reuters/University of Michigan final sentiment index rose to 78.3 this month from 74.3 in August. Economists projected 79 for the measure after a preliminary September reading of 79.2, according to the Bloomberg survey median.