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

Washington

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 projection in a Bloomberg survey of economists called for a reading of 92 after December's preliminary figure of 91.8.