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Consumer Sentiment in U.S. Declines Less Than Forecast

Consumer sentiment held close to a six-year high in June as higher home values gave Americans more reason to be optimistic about the economy.

Thomson Reuters/University of Michigan said today its final confidence index for this month eased to 84.1, higher than the median forecast in a Bloomberg survey, from 84.5 at the end of May. The group’s measure of the economic outlook climbed to an eight-month high. Other data from the MNI Chicago Report showed manufacturing is struggling to gain traction.