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Friday, April 17, 2009

Michigan Consumer Sentiment Rebounds; Flat Year over Year

Reuters reports:
U.S. consumer confidence rebounded in April to the highest levels since September before investors panicked about the collapse of Lehman Brothers and the global banking system's near implosion, a survey showed on Friday. The Reuters / University of Michigan Surveys of Consumers said its preliminary April reading of consumer sentiment rose to a level of 61.9, up from 57.3 in March and was the highest since 70.3 recorded in September.