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Confidence ends the year on a happy note at 5-month high

Cheap petrol prices and a buoyant labour market help to boost sentiment

Consumer sentiment figure almost reached the 92.9 average for this year, the highest since 2004. Household incomes climbed 0.3%, more than forecast, according to a Commerce Department report.


CONFIDENCE ended the year on a brighter note as low prices put US consumers in a holiday spirit.

The University of Michigan said on Wednesday that its final sentiment index for the month climbed to 92.6, the highest since July, from 91.3 in November. The median...