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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowA monthly survey says consumers’ confidence in the economy rose again in December. The rise was fueled by a long-term outlook
on jobs that reached its highest level in two years.
The New York-based Conference Board says its Consumer Confidence
Index rose to 52.9, up from a revised 50.6 in November. Economists surveyed by Thomson Reuters predicted a reading of 52.
The reading is still far short of the 90 that would signify a solid economy.
Economists watch consumer
sentiment because spending on goods and services for consumers accounts for about 70 percent of U.S. economic activity.
The survey of 5,000 ran Dec. 1 through Dec. 21.
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