June 12, 2020 / 2:14 PM / 24 days ago

U.S. consumer sentiment rises in early June

WASHINGTON (Reuters) - U.S. consumer sentiment perked up in early June as households responded to the reopening of businesses, which had been shuttered to slow the spread of COVID-19, and a rebound in hiring.

The University of Michigan said its consumer sentiment index increased to a reading of 78.9 from 72.3 in May. Economists polled by Reuters had forecast the sentiment index would rise to 75 early this month.

Reporting by Lucia Mutikani; editing by Jonathan Oatis

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