U.S. consumer sentiment in the month of January improved by even more than previously estimated, according to a revised report released by Reuters and the University of Michigan on Friday.
The report showed that the consumer sentiment index for January was upwardly revised to a reading of 75.0 from the mid-month reading of 74.0.
With the upward revision, which came as a surprise to economists, the consumer sentiment index is well above the final December reading of 69.9. Economists had expected the index to be unrevised.
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