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US consumer confidence returns to pre-pandemic levels

WASHINGTON (AP) — U.S. consumer confidence rose sharply for a second straight month in April, hitting the highest level in more than a year as consumer sentiment was boosted by a more rapid rollout of the vaccines and another round of support payments.

The Conference Board reported Tuesday that its consumer confidence index advanced to a better-than-expected 121.7 in April, up from 109.0 in March.

It was the strongest reading since February 2020, right before the pandemic struck the US.

By MARTIN CRUTSINGER
AP Economics Writer

 

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