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Consumer Sentiment on the Rise

U.S. consumer sentiment grew in April to the highest levels since September before the financial crisis hit. The Reuters/University of Michigan Surveys of Consumers said the preliminary April reading of consumer sentiment rose to 61.9, up from 57.3 in March. It was the highest level since a recording of 70.3 in September. The index of current economic conditions rose to 66.6 in April from 63.3 in March and the index of consumer expectations rose to 58.9 in April from 53.5 in March. "While consumers believe the economy may have hit bottom, most believe that when the rebound starts the economy will gain ground very slowly," said survey director Richard Curtin.

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Date Last Updated: 04/22/2009