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July 13, 2007 11:40 AM, EDT

July Consumer Sentiment Index Rises

U.S. consumer confidence rose this month to the highest level since October, according to the University of Michigan’s monthly consumer sentiment index released Friday.

The preliminary index for the month jumped to 92.4 from 85.3 in June.
 
The level was higher than economists’ forecasts of an increase to 86, Bloomberg reported.