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Consumer confidence in US rises to 102.9 from 93.1 in December

[WASHINGTON] Consumer confidence in the US increased this month as declining unemployment and lower fuel costs lifted Americans' outlooks.

The Conference Board's consumer confidence index rose to 102.9 from a revised December reading of 93.1, the New York- based private research group said on Tuesday. The latest figure was higher than the 95.5 median estimate in a Bloomberg survey of 77 economists.

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