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U.S. Michigan Consumer Sentiment Rises Above Estimate

Confidence among American households rose more than projected in February in a gain that could boost consumer buying, the largest part of the economy.

The Thomson Reuters/University of Michigan final index of consumer sentiment climbed to 77.6 from 73.8 in January. The gauge was projected to match the preliminary reading of 76.3, according to the median estimate of 58 economists surveyed by Bloomberg.