Consumer Sentiment in U.S. Climbs to Highest Since 2007

May 24, 2012  by in UnCategorized   

By Aggregated Content in economic news on May 25, 2012 from http://www.businessweek.com/news/2012-05-25/consumer-sentiment-in-u-dot-s-dot-climbs-to-highest-since-2007

Consumer confidence rose in May to the highest level since October 2007 as prices at the gas pump became less of a drag on household budgets.

The Thomson Reuters/University of Michigan final index of consumer sentiment climbed to 79.3 from 76.4 the prior month. The gauge was projected to hold at the preliminary reading of 77.8, according to the median forecast of economists surveyed by Bloomberg News. 

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