U. S. con­sumer con­fi­dence soars

Los Angeles Times - - HIGHWAY 1 -

Con­sumer sen­ti­ment rose this month to the high­est level since Jan­uary, sug­gest­ing that spend­ing will strengthen this year.

The Univer­sity of Michigan says its con­sumer sen­ti­ment in­dex rose to 96.1 from 90.7 in May.

The June read­ing was the high­est since Jan­uary’s 98.1. The in­dex is up from 82.5 a year ago.

For the first six months of 2015, con­sumer op­ti­mism im­proved at the fastest pace since 2004, three years be­fore the Great Re­ces­sion, said Richard Curtin, chief economist for the Michigan sur­vey.

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