The IBD/TIPP economic optimism index rose less-than-expected last month, official data showed on Friday.

In a report, Investor’s Business Daily (IBD), TechnoMetrica Institute of Policy and Politics (TIPP) said that IBD/TIPP Economic Optimism rose to a seasonally adjusted annual rate of 45.2, from 43.1 in the preceding month.

Analysts had expected IBD/TIPP Economic Optimism to rise 45.3 last month.

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