UMich sentiment rises to 92.1 in October, first increase in four months

WASHINGTON (MarketWatch) - Consumer sentiment rose in October after three straight monthly declines. Sentiment rose to a preliminary October reading of 92.1 from a final September level of 87.2, according to reports on the University of Michigan gauge released Friday. Economists polled by MarketWatch had expected an October figure of 88.5. Economists follow readings on confidence to look for clues about consumer spending, the backbone of the economy....(read more)

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