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Consumer Sentiment at Highest in Eight Years

Wall Street Journal (12/13/14) Josh Mitchell

The Thomson-Reuters and University of Michigan preliminary index of consumer sentiment increased to 93.8 in early December from a final reading of 88.8 in November. The December reading was the highest level in eight years.

“The ongoing improvement in sentiment continues to suggest that consumers remain more optimistic on the economy as labor-market slack declines, equity prices continue to march higher, and gasoline prices decline,” says economist Gennadiy Goldberg of TD Securities.