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University of Michigan consumer sentiment nudges up in December

Staff writer |
The University of Michigan's consumer sentiment index rose to 91.8 in December from 91.3 in November.

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This marked a four month high but the reading fell a little short of analysts' expectations for a print of 92.

The growth in confidence was attributed to households at the bottom two-thirds of the income ladder and took the yearly average to 92.9, which was the highest level since 2004.


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