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US consumers haven’t been this optimistic in a year

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A popular measure of consumer sentiment in the US rose to its highest level in a year as stimulus checks and faster vaccine rollouts juiced optimism for a full economic recovery.

The University of Michigan’s Index of Consumer Sentiment climbed to 84.9 from 76.8 this month, according to data published Friday morning. That exceeds the median estimate of 83.6 from economists surveyed by Bloomberg. The reading is the highest since March 2020 and snaps a two-month streak of declines. 

The university’s gauge of current economic conditions rose to 93 from 86.2, also hitting a one-year high. The details ⇒

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