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Consumers confidence at five-month high as retailers head into holiday season
New York City -- Confidence among U.S. consumers increased more than forecast in November to the highest level in five months. The Thomson Reuters/University of Michigan final index of consumer sentiment rose to 71.6 during the month, from 67.7 in October. Economists had projected a reading of 69.5.
The report came as retailers prepared for the Black Friday shopping onslaught, the official start of the holiday shopping season.