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Consumer Confidence Hits Five-Year High

Customer Shopping Retail Sales FBN

 (Reuters)

U.S. consumer confidence jumped in June to its highest level in over five years as Americans were more optimistic about business and labor market conditions, according to a private sector report released on Tuesday.

The Conference Board, an industry group, said its index of consumer attitudes rose to 81.4 from a downwardly revised 74.3 the month before. It was the highest since January 2008 and beat expectations for 75.4.

May was originally reported as 76.2.