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US Consumer Confidence Jumps to Highest Level in Almost a Year

After a few weeks of bad news about the state of U.S. retail, a bright spot appeared on the horizon Friday as consumer confidence took a turn for the better.

The University of Michigan preliminary consumer-sentiment index for May was 95.8, up from April’s 89.0 and beating economists’ estimates of 89.7. This reading was the highest level since June 2015 and the best month-to-month turnaround since 2006.

Read more at Sourcing Journal.