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Consumer Sentiment in U.S. Increases to a Seven-Year High

Bloomberg (10/17/14) Danielle Trubow

The Thomson Reuters and University of Michigan October preliminary consumer confidence index for the U.S. rose to 86.4 from a final reading of 84.6 the month before. The reading is the highest since July 2007. The 67 economists surveyed by Bloomberg had forecast a reading of 84.0. Job gains for the year are expected to be the strongest since 1999.