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Consumer Confidence at Highest Level since September

U.S. consumers felt more confident about the economy in April than at any time since the September failure of Lehman Brothers that triggered the financial collapse, a survey showed. The Reuters/University of Michigan Surveys of Consumers said its index of confidence climbed to 65.1 in April from 57.3 in March. That was the highest since September 2008 and the biggest one-month increase since October 2006. The index of current economic conditions rose to 68.3 in April from 63.3 in March. The index of consumer expectations climbed to 63.1 from 53.5. The survey found that most Americans believe the federal government’s economic stimulus package will boost the economy.

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Date Last Updated: 05/07/2009