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Payments News » U.S. Consumer Sentiment Unexpectedly Rises Amid Relief Payments

“U.S. consumer sentiment posted a surprise increase in early May amid widespread virus-relief payments and discounts for big-ticket items, though pessimism deepened about the longer-term outlook for incomes and the economy. The University of Michigan’s preliminary sentiment index rose 1.9 points from an eight-year low to 73.7, according to data Friday. That compared with the median estimate for a decline to 68 in a Bloomberg survey of economists.”

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