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U.S. consumer sentiment improved in late September on outlook
U.S. consumer sentiment continued to improve in late September on a pickup in optimism for the economic rebound, though the gauge still remains below pre-pandemic levels. The University of Michigan’s final sentiment index rose to 80.4, firmer than the preliminary reading of 78.9 and following 74.1 in August, data released Friday showed. The median estimate from economists surveyed by Bloomberg was for a slight increase to 79. The measure of expectations jumped 7.1 points to 75.6 from a month earlier, while a gauge of current conditions rose 4.9 points from August to 87.8. The increase in consumer sentiment reflects ... (full story)