|US consumer sentiment index reaches 7-year high|
|News - St Augustine Area & St Johns County|
WASHINGTON ó U.S. consumers expect better economic growth and rising incomes in the coming months, pushing a measure of confidence to a seven-year high in October.
The University of Michigan said Friday that its index of consumer sentiment rose to 86.9 from 84.6 in September. Thatís the highest since July 2007, five months before the Great Recession began. Still, the index regularly topped 90 before the downturn.
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