US consumer sentiment deteriorated by more than initially estimated in the month of January, according to revised data released by the University of Michigan on Friday. The report showed the consumer sentiment index for January was downwardly revised to 67.2 from a preliminary reading of 68.8. With the downward revision, the index was further below the final December reading of 70.6, dropping to its lowest level since hitting 93.7 in November 2011.
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