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Consumer Confidence Index hits 113.7 in December vs. estimate of 109

Consumer optimism about the economy increased to the highest level since August 2001, according to a monthly survey released Tuesday.

The Consumer Confidence Index hit 113.7 in December, The Conference Board said on Tuesday. Economists polled by Reuters expected the Consumer Confidence Index to hit 109 for the month.

The survey, a closely followed barometer of consumer attitudes, measures confidence toward business conditions, short-term outlook, personal finances and jobs.

"Consumer Confidence improved further in December, due solely to increasing Expectations...


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